BLI Banque de Luxembourg Investments Buys Shares of 500,000 Alamos Gold Inc. (NYSE:AGI)

BLI Banque de Luxembourg Investments acquired a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 500,000 shares of the basic materials company's stock, valued at approximately $9,179,000. BLI Banque de Luxembourg Investments owned approximately 0.12% of Alamos Gold at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Veracity Capital LLC grew its stake in shares of Alamos Gold by 3.2% during the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock worth $416,000 after acquiring an additional 694 shares during the last quarter. NewEdge Advisors LLC grew its position in Alamos Gold by 1.2% during the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock worth $1,342,000 after purchasing an additional 854 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Alamos Gold by 51.8% during 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 purchasing an additional 856 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Alamos Gold by 4.8% in the fourth 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. Finally, Ameriprise Financial Inc. lifted its stake in shares of Alamos Gold by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 187,920 shares of the basic materials company's stock worth $3,465,000 after buying an additional 1,063 shares during the period. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

Shares of NYSE:AGI traded up $0.43 during midday trading on Friday, reaching $27.04. 1,092,834 shares of the company's stock traded hands, compared to its average volume of 2,649,425. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The company has a market cap of $11.37 billion, a P/E ratio of 39.19, a PEG ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 1 year low of $15.01 and a 1 year high of $31.00. The company has a fifty day simple moving average of $26.53 and a two-hundred day simple moving average of $22.28.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $333.00 million during the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business's revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. Equities analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is 16.13%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AGI shares. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday. Bank of America lowered their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada lifted their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.38.

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.