Wilmington Savings Fund Society FSB Has $400,000 Stock Position in Alamos Gold Inc. (NYSE:AGI)

Wilmington Savings Fund Society FSB boosted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,700 shares of the basic materials company’s stock after buying an additional 1,000 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Alamos Gold were worth $400,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AGI. Old West Investment Management LLC boosted its holdings in shares of Alamos Gold by 11.0% during the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after buying an additional 48,128 shares during the period. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Alamos Gold during the third quarter valued at about $1,196,000. CWA Asset Management Group LLC bought a new stake in Alamos Gold during the third quarter valued at about $793,000. National Bank of Canada FI boosted its holdings in Alamos Gold by 18.4% during the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company’s stock valued at $30,492,000 after acquiring an additional 237,278 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Alamos Gold by 11.1% during the third quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company’s stock valued at $6,224,000 after acquiring an additional 29,933 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AGI. Royal Bank of Canada upped their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Finally, StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alamos Gold presently has a consensus rating of “Buy” and a consensus price target of $26.06.

Alamos Gold Price Performance

Shares of AGI stock opened at $22.49 on Wednesday. The stock has a 50 day moving average of $19.64 and a two-hundred day moving average of $19.36. 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 $23.06. The company has a market capitalization of $9.45 billion, a P/E ratio of 37.48, a P/E/G ratio of 0.66 and a beta of 1.16.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio is 16.67%.

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.