Trek Financial LLC Acquires 467 Shares of Alamos Gold Inc. (NYSE:AGI)

Trek Financial LLC boosted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,482 shares of the basic materials company’s stock after purchasing an additional 467 shares during the period. Trek Financial LLC’s holdings in Alamos Gold were worth $4,637,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Alamos Gold by 1.9% in the fourth quarter. FMR LLC now owns 6,497,058 shares of the basic materials company’s stock worth $119,864,000 after buying an additional 122,515 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Alamos Gold by 94.4% during the 4th quarter. Russell Investments Group Ltd. now owns 141,090 shares of the basic materials company’s stock worth $2,602,000 after acquiring an additional 68,519 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Alamos Gold by 36.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 86,836 shares of the basic materials company’s stock valued at $1,601,000 after acquiring an additional 23,187 shares during the period. Old West Investment Management LLC increased its stake in shares of Alamos Gold by 43.5% in the 4th quarter. Old West Investment Management LLC now owns 697,165 shares of the basic materials company’s stock worth $12,856,000 after purchasing an additional 211,273 shares in the last quarter. Finally, Cinctive Capital Management LP bought a new position in Alamos Gold in the 4th quarter worth $3,241,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on AGI. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Royal Bank of Canada raised their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $26.81.

Alamos Gold Stock Down 8.7 %

Shares of AGI opened at $24.54 on Friday. The business’s 50 day moving average is $23.76 and its 200 day moving average is $20.95. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12-month low of $14.31 and a 12-month high of $27.32. The company has a market capitalization of $10.32 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its 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. The firm had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

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

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.