Alamos Gold Inc. (NYSE:AGI) Shares Bought by Foundation Resource Management Inc.

Foundation Resource Management Inc. grew its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 23.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,995 shares of the basic materials company’s stock after purchasing an additional 9,570 shares during the period. Foundation Resource Management Inc.’s holdings in Alamos Gold were worth $940,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC grew its position in Alamos Gold by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock valued at $1,042,000 after buying an additional 1,654 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Alamos Gold by 1,076.2% in the 2nd quarter. Acadian Asset Management LLC now owns 24,700 shares of the basic materials company’s stock worth $387,000 after acquiring an additional 22,600 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold in the second quarter valued at about $48,000. Pekin Hardy Strauss Inc. increased its stake in shares of Alamos Gold by 8.9% during the second quarter. Pekin Hardy Strauss Inc. now owns 215,016 shares of the basic materials company’s stock worth $3,372,000 after acquiring an additional 17,661 shares during the period. Finally, Old West Investment Management LLC acquired a new position in shares of Alamos Gold during the second quarter worth about $6,864,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Up 2.0 %

Shares of Alamos Gold stock opened at $19.54 on Wednesday. The company has a 50-day moving average of $18.80 and a two-hundred day moving average of $18.84. The stock has a market cap of $8.21 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share 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 net margin of 19.89% and a return on equity of 8.85%. On average, research analysts anticipate that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analysts Forecast Growth

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

About Alamos Gold

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.