Bradley Foster & Sargent Inc. CT Has $3.26 Million Holdings in Alamos Gold Inc. (NYSE:AGI)

Bradley Foster & Sargent Inc. CT grew its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 47.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 176,795 shares of the basic materials company’s stock after acquiring an additional 56,898 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Alamos Gold were worth $3,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc raised its position in shares of Alamos Gold by 59.0% in the fourth 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. FMR LLC raised its holdings in Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after acquiring an additional 2,148,153 shares during the period. Addenda Capital Inc. acquired a new stake in Alamos Gold during the fourth quarter worth approximately $34,869,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Alamos Gold by 19.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after acquiring an additional 891,255 shares during the last quarter. Finally, Generate Investment Management Ltd boosted its holdings in shares of Alamos Gold by 120.8% during the fourth quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company’s stock worth $15,101,000 after acquiring an additional 448,074 shares during the period. 64.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AGI. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upped their price objective on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold Stock Down 2.4 %

Shares of AGI opened at $22.71 on Friday. 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 $11.34 and a 12 month high of $24.27. The firm’s 50 day moving average is $20.15 and its 200-day moving average is $19.65. The stock has a market capitalization of $9.55 billion, a PE ratio of 32.91, a P/E/G ratio of 0.39 and a beta of 1.16.

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 analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.38% and a net margin of 21.11%. Equities research analysts forecast that Alamos Gold Inc. will post 1.31 EPS for the current year.

Alamos Gold Company 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.