Russell Investments Group Ltd. increased its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 94.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,090 shares of the basic materials company's stock after acquiring an additional 68,519 shares during the quarter. Russell Investments Group Ltd.'s holdings in Alamos Gold were worth $2,602,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Veracity Capital LLC lifted its position in shares of Alamos Gold by 3.2% during the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock worth $416,000 after purchasing an additional 694 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake 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 in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Alamos Gold by 4.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company's stock worth $400,000 after buying an additional 1,000 shares during the last quarter. Blue Trust Inc. lifted its holdings in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after buying an additional 1,157 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its position in shares of Alamos Gold by 10.7% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 15,500 shares of the basic materials company's stock worth $286,000 after acquiring an additional 1,500 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.
Alamos Gold Stock Performance
NYSE:AGI traded down $1.31 during trading hours on Wednesday, reaching $27.54. 2,809,061 shares of the company's stock were exchanged, compared to its average volume of 3,199,185. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 39.91, a P/E/G ratio of 0.40 and a beta of 1.02. Alamos Gold Inc. has a 1-year low of $14.31 and a 1-year high of $31.00. The company has a 50-day moving average of $25.49 and a 200 day moving average of $21.69.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its 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. The business had revenue of $375.80 million during 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 anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.
Alamos Gold Dividend Announcement
The business 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. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's payout ratio is currently 14.49%.
Analysts Set New Price Targets
AGI has been the subject of several recent analyst reports. StockNews.com upgraded Alamos Gold from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Bank of America reduced their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada increased their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $30.38.
Read Our Latest Analysis on Alamos Gold
About Alamos Gold
(
Free Report)
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.
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