Edmond DE Rothschild Holding S.A. Acquires 51,533 Shares of Alamos Gold Inc. (NYSE:AGI)

Edmond DE Rothschild Holding S.A. boosted its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 130.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,994 shares of the basic materials company's stock after purchasing an additional 51,533 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Alamos Gold were worth $1,677,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after buying an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 856 shares in the last quarter. R Squared Ltd acquired a new position in shares of Alamos Gold in the 4th quarter valued at about $61,000. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold in the fourth quarter worth approximately $136,000. Finally, XTX Topco Ltd acquired a new stake in shares of Alamos Gold during the third quarter worth approximately $207,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Down 8.7 %

NYSE:AGI traded down $2.33 during trading hours on Friday, reaching $24.54. The company's stock had a trading volume of 6,645,005 shares, compared to its average volume of 2,486,354. 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 $10.32 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a one year low of $14.31 and a one year high of $27.32. The business's 50-day moving average is $23.76 and its 200-day moving average is $20.95.

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Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Equities research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio is 14.49%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Royal Bank of Canada boosted their target price on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $26.81.

Alamos Gold 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.