Wilmington Savings Fund Society FSB Has $400,000 Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Wilmington Savings Fund Society FSB grew its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,700 shares of the basic materials company’s stock after buying an additional 1,000 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Alamos Gold were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quattro Financial Advisors LLC lifted its holdings in Alamos Gold by 66.0% during the 4th quarter. Quattro Financial Advisors LLC now owns 61,860 shares of the basic materials company’s stock worth $1,241,000 after buying an additional 24,595 shares in the last quarter. Generate Investment Management Ltd boosted its holdings 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 valued at $15,101,000 after acquiring an additional 448,074 shares during the last quarter. Kercheville Advisors LLC boosted its holdings in Alamos Gold by 21.3% in the fourth quarter. Kercheville Advisors LLC now owns 106,550 shares of the basic materials company’s stock valued at $1,965,000 after acquiring an additional 18,700 shares during the last quarter. Murphy Pohlad Asset Management LLC boosted its holdings in Alamos Gold by 6.9% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 159,150 shares of the basic materials company’s stock valued at $2,935,000 after acquiring an additional 10,290 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $61,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AGI. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased 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. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $26.06.

Alamos Gold Price Performance

Shares of AGI stock opened at $22.49 on Wednesday. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $23.06. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. 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 firm has a fifty day moving average of $19.64 and a 200-day moving average of $19.36.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.025 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.44%. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

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.