Evoke Wealth LLC Increases Holdings in Alamos Gold Inc. (NYSE:AGI)

Evoke Wealth LLC grew its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 48.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,088 shares of the basic materials company’s stock after acquiring an additional 41,514 shares during the quarter. Evoke Wealth LLC’s holdings in Alamos Gold were worth $2,344,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after buying an additional 856 shares during the last quarter. R Squared Ltd bought a new position in shares of Alamos Gold in the fourth quarter worth approximately $61,000. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $136,000. Finally, XTX Topco Ltd bought a new stake in shares of Alamos Gold during the third quarter valued at approximately $207,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Trading Up 2.8 %

Shares of AGI stock opened at $25.86 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12-month low of $13.06 and a 12-month high of $26.42. The stock has a market capitalization of $10.87 billion, a P/E ratio of 37.47, a P/E/G ratio of 0.40 and a beta of 1.15. The firm’s 50 day moving average is $21.91 and its 200 day moving average is $20.27.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share 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 for the quarter, compared to analysts’ expectations of $388.06 million. Research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold’s payout ratio is 14.49%.

Analyst Ratings Changes

Several equities analysts recently issued reports on AGI shares. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada upped their price target on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and an average price target of $26.06.

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.