Murphy Pohlad Asset Management LLC Buys 10,290 Shares of Alamos Gold Inc. (NYSE:AGI)

Murphy Pohlad Asset Management LLC grew its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 159,150 shares of the basic materials company’s stock after buying an additional 10,290 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Alamos Gold were worth $2,935,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AGI. Blue Trust Inc. boosted its stake in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 1,157 shares in the last quarter. Hara Capital LLC bought a new stake in shares of Alamos Gold in the third quarter worth $47,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Alamos Gold by 51.8% during 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 purchasing an additional 856 shares during the last quarter. R Squared Ltd bought a new stake in shares of Alamos Gold in the 4th quarter valued at about $61,000. Finally, Eastern Bank acquired a new position in shares of Alamos Gold in the third quarter worth approximately $111,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Up 0.2 %

AGI opened at $20.52 on Thursday. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45. The firm has a market capitalization of $8.62 billion, a PE ratio of 34.19, a P/E/G ratio of 0.59 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The company’s 50-day moving average is $19.09 and its 200 day moving average is $19.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The company had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. As a group, research analysts predict that Alamos Gold Inc. will post 0.81 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s payout ratio is currently 16.67%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AGI. Jefferies Financial Group increased their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and a consensus target price of $25.06.

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.