Evoke Wealth LLC raised its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 48.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 127,088 shares of the basic materials company's stock after buying an additional 41,514 shares during the quarter. Evoke Wealth LLC's holdings in Alamos Gold were worth $2,344,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of AGI. Intact Investment Management Inc. lifted its position in shares of Alamos Gold by 43.0% in the fourth quarter. Intact Investment Management Inc. now owns 902,560 shares of the basic materials company's stock worth $16,649,000 after purchasing an additional 271,430 shares in the last quarter. Alpine Woods Capital Investors LLC lifted its position in shares of Alamos Gold by 52.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 87,000 shares of the basic materials company's stock worth $1,604,000 after purchasing an additional 30,000 shares in the last quarter. Swiss National Bank lifted its position in shares of Alamos Gold by 0.5% in the fourth quarter. Swiss National Bank now owns 828,936 shares of the basic materials company's stock worth $15,286,000 after purchasing an additional 3,900 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of Alamos Gold by 55.2% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,615,833 shares of the basic materials company's stock worth $29,796,000 after purchasing an additional 574,995 shares in the last quarter. Finally, Forge First Asset Management Inc. lifted its position in shares of Alamos Gold by 33.2% in the fourth quarter. Forge First Asset Management Inc. now owns 223,200 shares of the basic materials company's stock worth $4,114,000 after purchasing an additional 55,600 shares in the last quarter. Institutional investors own 64.33% of the company's stock.
Alamos Gold Stock Performance
Shares of NYSE:AGI traded down $0.04 on Friday, hitting $26.06. The company had a trading volume of 6,416,815 shares, compared to its average volume of 2,325,496. Alamos Gold Inc. has a 1-year low of $13.44 and a 1-year high of $26.35. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 0.40 and a beta of 1.15. The stock has a 50 day moving average price of $22.46 and a 200 day moving average price of $20.45. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.
Alamos Gold Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on AGI shares. Royal Bank of Canada boosted their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a research 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 report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $26.06.
Check Out Our Latest Report on AGI
About Alamos Gold
(
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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