Pekin Hardy Strauss Inc. Acquires 14,200 Shares of Alamos Gold Inc. (NYSE:AGI)

Pekin Hardy Strauss Inc. increased its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,041 shares of the basic materials company's stock after acquiring an additional 14,200 shares during the period. Pekin Hardy Strauss Inc. owned approximately 0.06% of Alamos Gold worth $4,408,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AGI. CIBC Asset Management Inc raised its stake in shares of Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after acquiring an additional 2,867,027 shares during the period. FMR LLC grew its holdings in Alamos Gold by 50.8% during 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. bought a new position in Alamos Gold during the 4th quarter valued at about $34,869,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Alamos Gold by 19.1% in the 3rd 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 period. Finally, Generate Investment Management Ltd lifted its stake in Alamos Gold by 120.8% in 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 last quarter. 64.33% of the stock is owned by institutional investors.

Remove Ads

Alamos Gold Trading Up 1.8 %

Shares of NYSE:AGI traded up $0.42 during trading on Wednesday, reaching $23.55. 2,763,256 shares of the company were exchanged, compared to its average volume of 2,365,011. The business's fifty day simple moving average is $20.38 and its 200-day simple moving average is $19.81. 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 12-month low of $11.36 and a 12-month high of $24.27. The firm has a market capitalization of $9.90 billion, a PE ratio of 34.14, a P/E/G ratio of 0.40 and a beta of 1.16.

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 the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. On average, research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on AGI. Royal Bank of Canada upped their target price on 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 raised Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $26.06.

About Alamos Gold

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.