62,947 Shares in Alamos Gold Inc. (NYSE:AGI) Bought by Burney Co.

Burney Co. purchased 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 purchased 62,947 shares of the basic materials company’s stock, valued at approximately $1,161,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AGI. Mackenzie Financial Corp grew its position in shares of Alamos Gold by 147.6% during the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after purchasing an additional 4,521,282 shares in the last quarter. FMR LLC grew its holdings in Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 valued at $110,662,000 after buying an additional 891,255 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Alamos Gold by 79.3% in the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock worth $97,336,000 after buying an additional 2,149,915 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Alamos Gold by 1.9% during the third quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock worth $41,205,000 after acquiring an additional 38,913 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Alamos Gold Price Performance

AGI stock opened at $19.45 on Friday. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45. The firm has a market capitalization of $8.17 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 0.59 and a beta of 1.15. The company has a fifty day simple moving average of $18.79 and a two-hundred day simple moving average of $18.85. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The business had revenue of $360.90 million during the quarter. Analysts anticipate that Alamos Gold Inc. will post 0.82 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio is currently 16.67%.

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.