Alamos Gold Inc. $AGI Shares Bought by Fiera Capital Corp

Fiera Capital Corp lifted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 514,337 shares of the basic materials company’s stock after purchasing an additional 16,358 shares during the quarter. Fiera Capital Corp owned about 0.12% of Alamos Gold worth $17,922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. 1620 Investment Advisors Inc. acquired a new position in Alamos Gold during the 3rd quarter valued at about $35,000. Bessemer Group Inc. bought a new position in shares of Alamos Gold in the second quarter valued at approximately $90,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Alamos Gold during the second quarter valued at approximately $98,000. Employees Retirement System of Texas bought a new stake in Alamos Gold during the second quarter worth approximately $112,000. Finally, Farther Finance Advisors LLC raised its holdings in Alamos Gold by 528.4% during the third quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 3,757 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

AGI opened at $47.95 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.00 and a debt-to-equity ratio of 0.05. The firm has a market cap of $20.13 billion, a PE ratio of 22.83, a P/E/G ratio of 0.43 and a beta of 0.61. The business has a fifty day simple moving average of $41.09 and a 200-day simple moving average of $35.35. Alamos Gold Inc. has a fifty-two week low of $22.03 and a fifty-two week high of $48.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The company had revenue of $575.30 million for the quarter, compared to analyst estimates of $596.18 million. During the same period in the previous year, the firm earned $0.25 earnings per share. Alamos Gold’s revenue for the quarter was up 53.1% compared to the same quarter last year. As a group, equities analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a $0.04 dividend. The ex-dividend date is Thursday, March 12th. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. Alamos Gold’s dividend payout ratio is 4.76%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AGI. Jefferies Financial Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Alamos Gold in a research note on Sunday, December 7th. Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Saturday. Zacks Research cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $45.50.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.