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

Pekin Hardy Strauss Inc. boosted its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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.’s holdings in Alamos Gold were worth $4,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AGI. Blue Trust Inc. raised its stake in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in Alamos Gold by 51.8% in 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. Hara Capital LLC bought a new stake in Alamos Gold in the 3rd quarter valued at $47,000. R Squared Ltd bought a new stake in Alamos Gold in the 4th quarter valued at $61,000. Finally, Plato Investment Management Ltd bought a new stake in Alamos Gold in the 3rd quarter valued at $147,000. Institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank of Canada increased their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $26.06.

Alamos Gold Stock Down 2.4 %

AGI stock opened at $22.71 on Friday. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 0.40 and a beta of 1.16. Alamos Gold Inc. has a fifty-two week low of $11.34 and a fifty-two week high of $24.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.97. The business’s fifty day moving average price is $20.22 and its two-hundred day moving average price is $19.69.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, equities analysts anticipate that Alamos Gold Inc. will post 1.31 earnings per share for the current 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.