Legacy Capital Group California Inc. Purchases 6,966 Shares of Alamos Gold Inc. (NYSE:AGI)

Legacy Capital Group California Inc. boosted its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 65.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,538 shares of the basic materials company’s stock after acquiring an additional 6,966 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Alamos Gold were worth $323,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of 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 last quarter. Hara Capital LLC purchased a new position in Alamos Gold in the 3rd quarter worth about $47,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 valued at $46,000 after acquiring an additional 856 shares during the period. R Squared Ltd bought a new position in Alamos Gold during the 4th quarter valued at about $61,000. Finally, Eastern Bank purchased a new stake in shares of Alamos Gold during the 3rd quarter valued at about $111,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AGI. 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 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $26.06.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $22.71 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $9.55 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 0.39 and a beta of 1.16. The firm’s 50 day moving average price is $20.15 and its 200-day moving average price is $19.65. Alamos Gold Inc. has a twelve month low of $11.34 and a twelve month high of $24.27.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.38%. The business had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Equities research analysts expect that Alamos Gold Inc. will post 1.31 EPS for the current year.

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.