Alamos Gold Inc. (NYSE:AGI) Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. raised its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,048 shares of the basic materials company's stock after purchasing an additional 22,355 shares during the quarter. Navellier & Associates Inc.'s holdings in Alamos Gold were worth $3,283,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after buying an additional 2,867,027 shares during the last quarter. FMR LLC grew its stake in shares of Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock valued at $127,027,000 after purchasing an additional 2,148,153 shares during the last quarter. Addenda Capital Inc. acquired a new position in shares of Alamos Gold in the fourth quarter valued at approximately $34,869,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Alamos Gold by 19.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock worth $110,662,000 after purchasing an additional 891,255 shares during the last quarter. Finally, Generate Investment Management Ltd lifted its holdings in shares of Alamos Gold by 120.8% during the fourth quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company's stock worth $15,101,000 after purchasing an additional 448,074 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research note 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $26.06.

Alamos Gold Price Performance

Shares of NYSE AGI traded up $0.42 during trading on Wednesday, hitting $23.55. 2,763,256 shares of the company were exchanged, compared to its average volume of 2,365,011. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold Inc. has a 1 year low of $11.36 and a 1 year high of $24.27. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 0.40 and a beta of 1.16. The firm's fifty day moving average price is $20.38 and its 200 day moving average price is $19.81.

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, topping analysts' consensus estimates 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. On average, sell-side analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

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.