Forge First Asset Management Inc. grew its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 33.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 223,200 shares of the basic materials company's stock after buying an additional 55,600 shares during the period. Alamos Gold accounts for about 1.5% of Forge First Asset Management Inc.'s holdings, making the stock its 19th biggest holding. Forge First Asset Management Inc. owned 0.05% of Alamos Gold worth $4,114,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 valued at $46,000 after acquiring an additional 856 shares during the last quarter. R Squared Ltd bought a new position in Alamos Gold during the 4th quarter valued at approximately $61,000. Plato Investment Management Ltd purchased a new position in shares of Alamos Gold during the 3rd quarter worth approximately $147,000. Finally, Daiwa Securities Group Inc. bought a new position in Alamos Gold during the 4th quarter valued at approximately $136,000. Institutional investors and hedge funds own 64.33% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. National Bank Financial upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada increased their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alamos Gold has a consensus rating of "Buy" and a consensus price target of $26.06.
Get Our Latest Stock Report on Alamos Gold
Alamos Gold Trading Up 3.9 %
NYSE AGI opened at $23.96 on Wednesday. Alamos Gold Inc. has a one year low of $13.06 and a one year high of $24.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The firm's fifty day moving average is $21.41 and its two-hundred day moving average is $20.11. The firm has a market cap of $10.07 billion, a PE ratio of 34.72, a P/E/G ratio of 0.40 and a beta of 1.15.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (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 business 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 earnings per share for the current year.
Alamos Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.42%. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.
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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