Alamos Gold Inc. (NYSE:AGI) Shares Acquired by Old West Investment Management LLC

Old West Investment Management LLC increased its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 43.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 697,165 shares of the basic materials company’s stock after buying an additional 211,273 shares during the quarter. Alamos Gold comprises about 5.2% of Old West Investment Management LLC’s investment portfolio, making the stock its 4th biggest position. Old West Investment Management LLC’s holdings in Alamos Gold were worth $12,856,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Alamos Gold by 155.7% in the 4th 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 period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after buying an additional 856 shares during the period. R Squared Ltd acquired a new position in Alamos Gold during the fourth quarter valued at approximately $61,000. Daiwa Securities Group Inc. purchased a new stake in Alamos Gold during the fourth quarter worth approximately $136,000. Finally, XTX Topco Ltd acquired a new stake in shares of Alamos Gold in the third quarter worth $207,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AGI. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Royal Bank of Canada upped their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, StockNews.com downgraded Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $26.81.

Alamos Gold Stock Performance

Shares of AGI stock opened at $24.54 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The company’s fifty day moving average price is $23.76 and its two-hundred day moving average price is $20.95. The firm has a market capitalization of $10.32 billion, a P/E ratio of 35.56, a P/E/G ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 12 month low of $14.31 and a 12 month high of $27.32.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results 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 business had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. On average, research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

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

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.