BLI Banque de Luxembourg Investments Makes New Investment in Alamos Gold Inc. (NYSE:AGI)

BLI Banque de Luxembourg Investments purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 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 reporting period.

Other large investors have also added to or reduced their stakes in the company. Veracity Capital LLC lifted its holdings in shares of Alamos Gold by 3.2% in the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock valued at $416,000 after acquiring an additional 694 shares during the last quarter. NewEdge Advisors LLC grew its holdings 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 valued at $1,342,000 after purchasing an additional 854 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after purchasing an additional 856 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in 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 purchasing an additional 1,000 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position 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 valued at $3,465,000 after buying an additional 1,063 shares during the period. Institutional investors own 64.33% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Bank of America reduced their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday. 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 report on Friday, April 4th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Alamos Gold currently has an average rating of "Moderate Buy" and an average price target of $30.38.

Alamos Gold Stock Down 0.3 %

AGI stock traded down $0.09 on Wednesday, hitting $27.15. 3,212,509 shares of the company's stock were exchanged, compared to its average volume of 2,647,688. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold Inc. has a 12-month low of $15.01 and a 12-month high of $31.00. The stock has a market cap of $11.42 billion, a P/E ratio of 39.35, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. The firm has a 50 day moving average price of $26.37 and a two-hundred day moving average price of $22.21.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly 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 business had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Alamos Gold's quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. As a group, equities research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.37%. Alamos Gold's payout ratio is 16.13%.

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.