Sprott Inc. Has $42.80 Million Position in Alamos Gold Inc. (NYSE:AGI)

Sprott Inc. lessened its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,320,978 shares of the basic materials company’s stock after selling 130,948 shares during the quarter. Alamos Gold comprises 2.5% of Sprott Inc.’s portfolio, making the stock its 8th biggest holding. Sprott Inc. owned 0.55% of Alamos Gold worth $42,799,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its holdings 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 worth $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. FMR LLC increased its stake 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 worth $127,027,000 after acquiring an additional 2,148,153 shares during the last quarter. Addenda Capital Inc. purchased a new stake in shares of Alamos Gold during the 4th quarter worth approximately $34,869,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Alamos Gold by 19.1% during the 3rd 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 acquiring an additional 891,255 shares during the last quarter. Finally, Generate Investment Management Ltd grew its holdings in shares of Alamos Gold by 120.8% in the fourth quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company’s stock valued at $15,101,000 after purchasing an additional 448,074 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Down 0.1 %

NYSE AGI opened at $23.15 on Wednesday. Alamos Gold Inc. has a 52 week low of $11.36 and a 52 week high of $24.27. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 0.40 and a beta of 1.16. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $20.30 and a two-hundred day moving average of $19.77.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results 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. 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 during the quarter, compared to analysts’ expectations of $388.06 million. On average, analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.