DJE Kapital AG Acquires Shares of 256,900 Alamos Gold Inc. (NYSE:AGI)

DJE Kapital AG acquired a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 256,900 shares of the basic materials company's stock, valued at approximately $4,575,000. DJE Kapital AG owned 0.06% of Alamos Gold as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after buying an additional 2,867,027 shares in the last quarter. FMR LLC increased its position in shares of Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock valued at $127,027,000 after purchasing an additional 2,148,153 shares during the last quarter. Addenda Capital Inc. purchased a new stake in Alamos Gold during the 4th quarter valued at $34,869,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Alamos Gold by 19.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock worth $110,662,000 after buying an additional 891,255 shares during the last quarter. Finally, Generate Investment Management Ltd boosted its stake in Alamos Gold by 120.8% during the fourth quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company's stock worth $15,101,000 after buying an additional 448,074 shares during the period. Institutional investors own 64.33% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AGI. Royal Bank of Canada raised their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $26.06.

Alamos Gold Stock Down 1.7 %

NYSE AGI traded down $0.42 during midday trading on Thursday, hitting $23.93. 3,915,239 shares of the company traded hands, compared to its average volume of 2,274,522. Alamos Gold Inc. has a 52 week low of $12.96 and a 52 week high of $24.40. The company's 50-day simple moving average is $20.98 and its 200-day simple moving average is $20.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The company has a market cap of $10.06 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 0.40 and a beta of 1.16.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million. As a group, equities research analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold's payout ratio is 14.49%.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.