Trek Financial LLC Boosts Stake in Alamos Gold Inc. (NYSE:AGI)

Trek Financial LLC increased its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 251,482 shares of the basic materials company’s stock after acquiring an additional 467 shares during the period. Trek Financial LLC owned about 0.06% of Alamos Gold worth $4,637,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Alamos Gold during the fourth quarter valued at about $100,694,000. CIBC Asset Management Inc increased its holdings in Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after purchasing an additional 2,867,027 shares during the period. Addenda Capital Inc. bought a new position in Alamos Gold during the 4th quarter valued at approximately $34,869,000. Raymond James Financial Inc. purchased a new stake in Alamos Gold in the 4th quarter worth approximately $28,950,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Alamos Gold by 17.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company’s stock worth $173,991,000 after buying an additional 1,424,550 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada raised their price target on Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $26.81.

Alamos Gold Stock Performance

Shares of AGI stock opened at $24.54 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average price is $23.76 and its 200-day moving average price is $20.95. The stock 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 posted its quarterly earnings data 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 business had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. On average, equities analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. 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%.

Alamos Gold Profile

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.