Alamos Gold Inc. $AGI is Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s 7th Largest Position

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. lifted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 41.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,600 shares of the basic materials company’s stock after purchasing an additional 18,000 shares during the quarter. Alamos Gold comprises approximately 5.1% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 7th biggest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Alamos Gold were worth $2,411,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. 1620 Investment Advisors Inc. purchased a new stake in shares of Alamos Gold during the third quarter worth approximately $35,000. EverSource Wealth Advisors LLC raised its stake in shares of Alamos Gold by 69.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 581 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Alamos Gold by 528.4% during the third quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 3,757 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Alamos Gold by 93.2% during the third quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 2,307 shares during the period. Finally, Orion Porfolio Solutions LLC acquired a new position in Alamos Gold during the third quarter worth $205,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Up 0.6%

Shares of AGI stock opened at $46.28 on Tuesday. The business’s fifty day moving average price is $45.16 and its 200 day moving average price is $39.24. Alamos Gold Inc. has a 1-year low of $23.49 and a 1-year high of $55.41. The firm has a market capitalization of $19.43 billion, a PE ratio of 22.04, a P/E/G ratio of 0.63 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.00 and a quick ratio of 1.60.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The company had revenue of $575.30 million for the quarter, compared to analyst estimates of $596.18 million. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.Alamos Gold’s revenue was up 53.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.3%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 12th. Alamos Gold’s dividend payout ratio is currently 7.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AGI. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Scotiabank upped their price objective on Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday, February 6th. Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Weiss Ratings lowered Alamos Gold from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $50.67.

About Alamos Gold

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.