Parvin Asset Management LLC 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 36,905 shares of the basic materials company's stock, valued at approximately $681,000.
Other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its stake 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 purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of 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 valued at $46,000 after acquiring an additional 856 shares during the last quarter. R Squared Ltd purchased a new position in shares of Alamos Gold in the 4th quarter worth approximately $61,000. Cutler Capital Management LLC purchased a new position in Alamos Gold during the fourth quarter worth $108,000. Finally, Daiwa Securities Group Inc. bought a new position in Alamos Gold during the 4th quarter valued at about $136,000. 64.33% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AGI. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America lowered their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada raised their target price 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. Finally, StockNews.com raised shares of Alamos Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $30.38.
Read Our Latest Stock Report on AGI
Alamos Gold Stock Up 3.1 %
Shares of NYSE:AGI traded up $0.76 during trading on Monday, reaching $25.48. The stock had a trading volume of 2,040,827 shares, compared to its average volume of 2,606,185. The firm's 50-day simple moving average is $26.24 and its 200 day simple moving average is $22.14. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a one year low of $15.01 and a one year high of $31.00. The company has a market capitalization of $10.71 billion, a P/E ratio of 36.96, a PEG ratio of 0.40 and a beta of 1.02.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its 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 firm had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Alamos Gold's revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. As a group, research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.39%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio is currently 16.13%.
Alamos Gold Company Profile
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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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