J. Safra Sarasin Holding AG Buys New Shares in Alamos Gold Inc. $AGI

J. Safra Sarasin Holding AG purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,990 shares of the basic materials company’s stock, valued at approximately $2,546,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC increased its position in shares of Alamos Gold by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock worth $340,000 after purchasing an additional 300 shares during the last quarter. Pinnacle Wealth Management Group Inc. boosted its holdings in shares of Alamos Gold by 0.5% in the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 72,121 shares of the basic materials company’s stock valued at $2,514,000 after buying an additional 390 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Alamos Gold by 4.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 9,232 shares of the basic materials company’s stock valued at $322,000 after buying an additional 400 shares in the last quarter. StoneX Group Inc. increased its holdings in Alamos Gold by 1.8% during the second quarter. StoneX Group Inc. now owns 26,083 shares of the basic materials company’s stock worth $693,000 after buying an additional 455 shares during the last quarter. Finally, Mariner LLC increased its holdings in Alamos Gold by 1.1% during the third quarter. Mariner LLC now owns 47,973 shares of the basic materials company’s stock worth $1,672,000 after buying an additional 534 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Price Performance

Alamos Gold stock opened at $44.38 on Wednesday. Alamos Gold Inc. has a 12 month low of $23.49 and a 12 month high of $55.41. The stock’s 50 day moving average is $44.86 and its 200-day moving average is $38.85. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 0.56 and a beta of 0.54.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. The business had revenue of $575.30 million during the quarter, compared to analysts’ expectations of $596.18 million. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The firm’s revenue for the quarter was up 53.1% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. Equities research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a dividend of $0.04 per share. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. Alamos Gold’s payout ratio is 7.62%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings reiterated a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Scotiabank raised their target price on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $49.00 price target on shares of Alamos Gold in a research report on Sunday, December 7th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $45.50.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.