Jupiter Asset Management Ltd. Raises Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Jupiter Asset Management Ltd. lifted its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 55.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,615,833 shares of the basic materials company’s stock after purchasing an additional 574,995 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Alamos Gold were worth $29,796,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AGI. Forge First Asset Management Inc. lifted its position in Alamos Gold by 33.2% during the fourth quarter. Forge First Asset Management Inc. now owns 223,200 shares of the basic materials company’s stock valued at $4,114,000 after purchasing an additional 55,600 shares during the last quarter. AGF Management Ltd. bought a new stake in shares of Alamos Gold in the 4th quarter worth about $6,178,000. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold during the 4th quarter valued at about $136,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Alamos Gold by 93.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 178,170 shares of the basic materials company’s stock valued at $3,285,000 after acquiring an additional 86,137 shares during the last quarter. Finally, Amundi grew its position in Alamos Gold by 19.1% in the fourth quarter. Amundi now owns 1,611,367 shares of the basic materials company’s stock worth $31,148,000 after acquiring an additional 257,859 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Analyst Ratings Changes

AGI has been the topic of several analyst reports. Royal Bank of Canada boosted their target price on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $26.06.

Alamos Gold Trading Up 2.6 %

Shares of NYSE AGI opened at $24.57 on Thursday. The business’s 50 day moving average price is $21.54 and its 200-day moving average price is $20.14. Alamos Gold Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $24.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business 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 10.05% and a net margin of 21.11%. On average, sell-side analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.41%. Alamos Gold’s dividend payout ratio (DPR) 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.