Norges Bank Acquires New Position in Alamos Gold Inc. (NYSE:AGI)

Norges Bank bought a new position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,464,903 shares of the basic materials company’s stock, valued at approximately $100,694,000. Norges Bank owned approximately 1.30% of Alamos Gold as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Alamos Gold by 51.8% in 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 purchased a new stake in shares of Alamos Gold during the 4th quarter worth about $61,000. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold during the 4th quarter worth about $136,000. Finally, XTX Topco Ltd acquired a new stake in shares of Alamos Gold during the 3rd quarter valued at about $207,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Up 0.0 %

Shares of AGI stock opened at $26.74 on Wednesday. The business’s 50 day moving average is $23.41 and its two-hundred day moving average is $20.84. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12 month low of $14.31 and a 12 month high of $27.25. The company has a market cap of $11.24 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results 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. The firm had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Equities analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.37%. Alamos Gold’s payout ratio is 14.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AGI shares. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada raised their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, StockNews.com cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.