Capital CS Group LLC Takes Position in Alamos Gold Inc. (NYSE:AGI)

Capital CS Group LLC purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 31,339 shares of the basic materials company’s stock, valued at approximately $578,000. Alamos Gold comprises approximately 0.8% of Capital CS Group LLC’s portfolio, making the stock its 25th biggest position.

A number of other large investors have also recently modified their holdings of AGI. Mackenzie Financial Corp lifted its position in Alamos Gold by 147.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after buying an additional 4,521,282 shares during the last quarter. FMR LLC lifted its position in Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after buying an additional 2,148,153 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after buying an additional 891,255 shares during the last quarter. CIBC Asset Management Inc lifted its position in Alamos Gold by 79.3% in the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock worth $97,336,000 after buying an additional 2,149,915 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Alamos Gold by 1.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock worth $41,205,000 after buying an additional 38,913 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Jefferies Financial Group boosted their target price on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Finally, National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Trading Down 1.8 %

Alamos Gold stock opened at $19.15 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $18.81 and its two-hundred day simple moving average is $18.81. Alamos Gold Inc. has a 12 month low of $11.24 and a 12 month high of $21.45. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. As a group, equities analysts predict that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.52%. Alamos Gold’s payout ratio is 16.67%.

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.