Silvercrest Asset Management Group LLC acquired a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,775 shares of the basic materials company's stock, valued at approximately $420,000.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Alamos Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after purchasing an additional 279,280 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Alamos Gold by 17.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock valued at $173,991,000 after acquiring an additional 1,424,550 shares during the period. CIBC Asset Management Inc grew its position in Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after acquiring an additional 2,867,027 shares during the last quarter. Renaissance Technologies LLC increased its stake in Alamos Gold by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company's stock worth $138,932,000 after purchasing an additional 318,360 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Alamos Gold by 296.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock worth $136,011,000 after purchasing an additional 5,516,186 shares during the period. 64.33% of the stock is owned by institutional investors.
Alamos Gold Stock Up 2.2%
AGI stock traded up $0.58 on Friday, hitting $26.26. 3,043,095 shares of the company's stock were exchanged, compared to its average volume of 2,711,992. The firm has a 50 day moving average price of $26.71 and a two-hundred day moving average price of $22.59. 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 $11.04 billion, a P/E ratio of 38.05, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. 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 (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 analysts' consensus estimates of $0.19 by ($0.05). The business had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Alamos Gold's revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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 Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 yield of 0.38%. Alamos Gold's payout ratio is 16.13%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on AGI. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America decreased their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada lifted their target price 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 analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $30.38.
Read Our Latest Stock Report on AGI
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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