Silvercrest Asset Management Group LLC Acquires New Position in Alamos Gold Inc. (NYSE:AGI)

Silvercrest Asset Management Group LLC purchased a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 22,775 shares of the basic materials company's stock, valued at approximately $420,000.

A number of other institutional investors also recently bought and sold shares of AGI. Dimensional Fund Advisors LP raised its stake in shares of Alamos Gold by 296.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after buying an additional 5,516,186 shares during the last quarter. Norges Bank acquired a new stake in Alamos Gold during the fourth quarter worth about $100,694,000. CIBC Asset Management Inc raised its position in Alamos Gold by 59.0% during the fourth 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 in the last quarter. Addenda Capital Inc. purchased a new position in Alamos Gold during the fourth quarter valued at approximately $34,869,000. Finally, Raymond James Financial Inc. acquired a new position in Alamos Gold in the fourth quarter valued at approximately $28,950,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of analyst reports. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank of Canada raised their price target 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. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Finally, Bank of America reduced their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two equities research 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 company's stock. According to MarketBeat.com, Alamos Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.38.

Alamos Gold Price Performance

AGI traded up $0.58 during midday trading on Monday, hitting $26.26. 3,043,095 shares of the company traded hands, compared to its average volume of 2,717,614. 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 company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 52-week low of $15.01 and a 52-week high of $31.00. The business has a 50 day simple moving average of $26.72 and a two-hundred day simple moving average of $22.68.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released 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 company had revenue of $333.00 million for 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%. The firm's revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter last year, the company earned $0.13 EPS. On average, equities analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued 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 0.38%. Alamos Gold's payout ratio is currently 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.