Jupiter Asset Management Ltd. boosted its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 55.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,615,833 shares of the basic materials company's stock after buying an additional 574,995 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.38% of Alamos Gold worth $29,796,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AGI. Forge First Asset Management Inc. increased its position in 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 buying an additional 55,600 shares in the last quarter. AGF Management Ltd. purchased a new position in shares of Alamos Gold during the 4th quarter valued at about $6,178,000. Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold during the 4th quarter valued at approximately $136,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Alamos Gold by 93.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 178,170 shares of the basic materials company's stock worth $3,285,000 after acquiring an additional 86,137 shares in the last quarter. Finally, Amundi increased its holdings in Alamos Gold by 19.1% in the 4th quarter. Amundi now owns 1,611,367 shares of the basic materials company's stock worth $31,148,000 after acquiring an additional 257,859 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.
Alamos Gold Stock Up 2.6 %
NYSE AGI opened at $24.57 on Thursday. Alamos Gold Inc. has a 12 month low of $13.06 and a 12 month high of $24.75. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock has a market cap of $10.33 billion, a PE ratio of 35.60, a P/E/G ratio of 0.40 and a beta of 1.15. The stock's 50 day moving average is $21.54 and its 200 day moving average is $20.14.
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 the consensus estimate of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $26.06.
Get Our Latest Analysis on Alamos Gold
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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