Norges Bank Acquires New Shares in Alamos Gold Inc. (NYSE:AGI)

Norges Bank bought a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,464,903 shares of the basic materials company's stock, valued at approximately $100,694,000. Norges Bank owned 1.30% of Alamos Gold at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Alamos Gold by 155.7% during 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 during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after acquiring an additional 856 shares during the last quarter. R Squared Ltd bought a new stake in shares of Alamos Gold during the fourth quarter worth approximately $61,000. Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold in the fourth quarter valued at approximately $136,000. Finally, XTX Topco Ltd bought a new position in shares of Alamos Gold during the third quarter worth approximately $207,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Price Performance

Alamos Gold stock traded down $2.33 during trading hours on Friday, reaching $24.54. 6,645,005 shares of the stock were exchanged, compared to its average volume of 2,486,354. 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 Inc. has a twelve month low of $14.31 and a twelve month high of $27.32. The company has a market cap of $10.32 billion, a P/E ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The stock has a 50 day moving average of $23.76 and a two-hundred day moving average of $20.96.

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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 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 business had revenue of $375.80 million for the quarter, compared to analysts' expectations of $388.06 million. Equities analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.41%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.

Wall Street Analyst Weigh In

A number of research analysts have commented on AGI shares. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a research report on Sunday. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Alamos Gold presently has an average rating of "Buy" and a consensus price target of $26.81.

Alamos Gold Company 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.