Louisbourg Investments Inc. Makes New $3.22 Million Investment in Alamos Gold Inc. (NYSE:AGI)

Louisbourg Investments Inc. purchased a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 120,500 shares of the basic materials company's stock, valued at approximately $3,223,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Murphy Pohlad Asset Management LLC lifted its holdings in Alamos Gold by 0.3% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock valued at $4,269,000 after purchasing an additional 500 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in Alamos Gold by 0.3% during the 4th quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock valued at $3,349,000 after purchasing an additional 614 shares during the last quarter. NewEdge Advisors LLC lifted 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. Ameriprise Financial Inc. lifted its holdings in Alamos Gold by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 187,920 shares of the basic materials company's stock valued at $3,465,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Alamos Gold by 4.9% during the 4th quarter. Cetera Investment Advisers now owns 23,853 shares of the basic materials company's stock valued at $440,000 after purchasing an additional 1,125 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Down 2.5%

AGI opened at $26.84 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $11.28 billion, a PE ratio of 38.90, a PEG ratio of 0.40 and a beta of 0.55. Alamos Gold Inc. has a 1-year low of $15.01 and a 1-year high of $31.00. The firm has a 50-day moving average price of $26.99 and a two-hundred day moving average price of $23.60.

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

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Thursday, June 12th. Alamos Gold's dividend payout ratio is 16.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Bank of America cut their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Finally, Royal Bank of Canada raised their price objective 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. Two research 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. Based on data from MarketBeat, Alamos Gold has a consensus rating of "Moderate Buy" and an average target price of $30.38.

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.

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