Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Takes Position in Alamos Gold Inc. (NYSE:AGI)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 38,500 shares of the basic materials company's stock, valued at approximately $711,000. Alamos Gold accounts for about 2.1% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings, making the stock its 9th biggest position.

A number of other hedge funds have also recently modified their holdings of AGI. Blue Trust Inc. raised its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 1,157 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $61,000. Cutler Capital Management LLC purchased a new position in shares of Alamos Gold during the 4th quarter valued at approximately $108,000. Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold in the 4th quarter valued at $136,000. Finally, Coppell Advisory Solutions LLC lifted its stake in shares of Alamos Gold by 14.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock valued at $181,000 after purchasing an additional 1,260 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AGI. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America dropped their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada upped their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Finally, Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. 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's stock. According to MarketBeat, Alamos Gold currently has a consensus rating of "Moderate Buy" and an average target price of $30.38.

Alamos Gold Price Performance

NYSE AGI traded up $0.08 during mid-day trading on Thursday, hitting $25.80. The stock had a trading volume of 845,722 shares, compared to its average volume of 2,712,985. The firm's 50 day moving average is $26.71 and its 200 day moving average is $22.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The stock has a market capitalization of $10.85 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a twelve month low of $15.01 and a twelve month high of $31.00.

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 (EPS) 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 quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

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.