Easterly Investment Partners LLC increased its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 300,074 shares of the basic materials company's stock after buying an additional 30,767 shares during the period. Easterly Investment Partners LLC owned 0.07% of Alamos Gold worth $5,533,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in shares of Alamos Gold by 2.0% during the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company's stock worth $552,000 after acquiring an additional 531 shares during the period. Veracity Capital LLC increased its holdings in Alamos Gold by 3.2% during the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock worth $416,000 after purchasing an additional 694 shares during the period. Captrust Financial Advisors raised its position in Alamos Gold by 4.0% during the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company's stock valued at $375,000 after purchasing an additional 728 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after buying an additional 856 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its position in shares of Alamos Gold by 4.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company's stock worth $400,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 64.33% of the company's stock.
Alamos Gold Price Performance
Shares of NYSE:AGI traded up $0.11 during midday trading on Monday, reaching $26.68. 1,999,724 shares of the company's stock traded hands, compared to its average volume of 2,450,937. The company has a market cap of $11.22 billion, a P/E ratio of 38.63, a PEG ratio of 0.40 and a beta of 1.15. The company has a fifty day simple moving average of $23.13 and a two-hundred day simple moving average of $20.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold Inc. has a 1 year low of $14.31 and a 1 year high of $27.45.
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. The business had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Equities analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's payout ratio is 14.49%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. StockNews.com lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday. Royal Bank of Canada upped their target price on Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $26.06.
Get Our Latest Research Report on AGI
Alamos Gold Company Profile
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Free Report)
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.
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