Generali Investments CEE investicni spolecnost a.s. Invests $645,000 in Alamos Gold Inc. (NYSE:AGI)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 35,000 shares of the basic materials company's stock, valued at approximately $645,000.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after purchasing an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 worth $46,000 after purchasing an additional 856 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Alamos Gold in the 4th quarter valued at about $61,000. Plato Investment Management Ltd acquired a new stake in shares of Alamos Gold in the 3rd quarter valued at about $147,000. Finally, XTX Topco Ltd bought a new stake in Alamos Gold in the 3rd quarter valued at about $207,000. Institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Up 2.6 %

AGI traded up $0.62 during midday trading on Wednesday, reaching $24.57. 3,652,228 shares of the company were exchanged, compared to its average volume of 2,290,201. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a one year low of $13.06 and a one year high of $24.65. The company's fifty day moving average price is $21.41 and its 200 day moving average price is $20.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

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

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 0.41%. Alamos Gold's payout ratio is 14.49%.

Wall Street Analyst Weigh In

A number of brokerages have commented on AGI. National Bank Financial raised Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their target price on Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $26.06.

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.