AJOVista LLC Makes New Investment in Alamos Gold Inc. (NYSE:AGI)

AJOVista LLC bought a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,200 shares of the basic materials company’s stock, valued at approximately $83,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new stake in shares of Alamos Gold in the fourth quarter valued at $27,000. Fifth Third Bancorp acquired a new position in Alamos Gold during the 4th quarter worth $96,000. Vanguard Personalized Indexing Management LLC grew its stake in Alamos Gold by 14.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the basic materials company’s stock worth $140,000 after purchasing an additional 1,596 shares in the last quarter. Mcrae Capital Management Inc. acquired a new position in Alamos Gold during the 4th quarter worth $174,000. Finally, Keybank National Association OH grew its stake in Alamos Gold by 32.4% during the 3rd quarter. Keybank National Association OH now owns 14,859 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 3,634 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Up 0.5 %

Shares of Alamos Gold stock traded up $0.07 on Friday, hitting $15.03. The stock had a trading volume of 1,616,098 shares, compared to its average volume of 2,922,333. Alamos Gold Inc. has a 52-week low of $10.78 and a 52-week high of $16.01. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 3.65 and a beta of 1.16. The company’s 50 day moving average price is $14.12 and its 200 day moving average price is $13.36.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $277.60 million during the quarter, compared to the consensus estimate of $271.15 million. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 EPS. Analysts predict that Alamos Gold Inc. will post 0.67 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s payout ratio is 19.23%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Jefferies Financial Group boosted their target price on Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Royal Bank of Canada boosted their target price on Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $21.75 to $27.25 in a report on Tuesday, April 9th. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a report on Sunday, April 14th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Alamos Gold presently has an average rating of “Moderate Buy” and an average price target of $18.15.

Alamos Gold 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.