Alamos Gold Inc. (NYSE:AGI) Shares Bought by Old West Investment Management LLC

Old West Investment Management LLC lifted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 43.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 697,165 shares of the basic materials company’s stock after purchasing an additional 211,273 shares during the quarter. Alamos Gold comprises about 5.2% of Old West Investment Management LLC’s investment portfolio, making the stock its 4th largest position. Old West Investment Management LLC owned approximately 0.17% of Alamos Gold worth $12,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after buying an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares during the period. R Squared Ltd purchased a new position in Alamos Gold in the 4th quarter valued at approximately $61,000. Daiwa Securities Group Inc. acquired a new position in Alamos Gold during the fourth quarter worth $136,000. Finally, XTX Topco Ltd purchased a new stake in Alamos Gold during the third quarter worth $207,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of NYSE AGI opened at $24.54 on Friday. The company has a 50-day simple moving average of $23.76 and a 200-day simple moving average of $20.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The company has a market cap of $10.32 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 12 month low of $14.31 and a 12 month high of $27.32.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. On average, equities analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s payout ratio is 14.49%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. StockNews.com cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Finally, Royal Bank of Canada raised their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $26.81.

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.