Alamos Gold Inc. $AGI Position Boosted by Kiker Wealth Management LLC

Kiker Wealth Management LLC raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 88.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,665 shares of the basic materials company’s stock after purchasing an additional 3,137 shares during the period. Kiker Wealth Management LLC’s holdings in Alamos Gold were worth $177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AGI. T. Rowe Price Investment Management Inc. purchased a new position in Alamos Gold during the 1st quarter valued at about $37,738,000. Goldman Sachs Group Inc. grew its stake in shares of Alamos Gold by 105.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after buying an additional 1,227,695 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Alamos Gold by 19.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company’s stock valued at $156,780,000 after buying an additional 957,359 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Alamos Gold in the 1st quarter valued at approximately $24,011,000. Finally, Canada Pension Plan Investment Board grew its stake in shares of Alamos Gold by 50.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,972,249 shares of the basic materials company’s stock valued at $52,705,000 after buying an additional 665,485 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AGI has been the subject of several recent research reports. Zacks Research raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, September 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Alamos Gold in a research note on Wednesday, October 8th. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Stifel Canada raised Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $31.17.

Alamos Gold Stock Up 5.2%

AGI opened at $34.78 on Tuesday. The business has a 50 day moving average price of $30.86 and a 200 day moving average price of $28.06. Alamos Gold Inc. has a twelve month low of $17.42 and a twelve month high of $35.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. The firm has a market cap of $14.63 billion, a P/E ratio of 41.91, a price-to-earnings-growth ratio of 0.67 and a beta of 0.50.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The firm had revenue of $438.20 million during the quarter, compared to analyst estimates of $400.61 million. During the same period in the previous year, the company earned $0.24 EPS. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. Research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold’s payout ratio is 12.05%.

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.