Montrusco Bolton Investments Inc. Grows Stake in Alamos Gold Inc. $AGI

Montrusco Bolton Investments Inc. grew its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 36.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 547,567 shares of the basic materials company’s stock after acquiring an additional 145,843 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.13% of Alamos Gold worth $19,090,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AGI. Pinnacle Wealth Management Group Inc. increased its stake in Alamos Gold by 0.5% during the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 72,121 shares of the basic materials company’s stock valued at $2,514,000 after purchasing an additional 390 shares in the last quarter. Williamson Legacy Group LLC increased its position in shares of Alamos Gold by 0.7% during the second quarter. Williamson Legacy Group LLC now owns 57,228 shares of the basic materials company’s stock valued at $1,520,000 after acquiring an additional 400 shares in the last quarter. StoneX Group Inc. raised its holdings in Alamos Gold by 1.8% in the 2nd quarter. StoneX Group Inc. now owns 26,083 shares of the basic materials company’s stock worth $693,000 after acquiring an additional 455 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Alamos Gold by 0.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 197,376 shares of the basic materials company’s stock valued at $6,881,000 after acquiring an additional 543 shares in the last quarter. Finally, VELA Investment Management LLC boosted its stake in Alamos Gold by 0.4% during the 3rd quarter. VELA Investment Management LLC now owns 152,985 shares of the basic materials company’s stock valued at $5,333,000 after purchasing an additional 555 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Down 1.1%

NYSE:AGI opened at $50.00 on Thursday. Alamos Gold Inc. has a one year low of $22.03 and a one year high of $51.00. The business has a fifty day moving average price of $41.84 and a 200-day moving average price of $35.91. The firm has a market capitalization of $20.99 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 0.49 and a beta of 0.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.00 and a quick ratio of 1.60.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.05. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The business had revenue of $575.30 million during the quarter, compared to analyst estimates of $596.18 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. Alamos Gold’s revenue for the quarter was up 53.1% on a year-over-year basis. Sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Increases Dividend

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

Wall Street Analyst Weigh In

AGI has been the topic of a number of research analyst reports. Zacks Research downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 21st. Desjardins initiated coverage on shares of Alamos Gold in a research report on Friday, November 28th. They set a “buy” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $49.00 target price on shares of Alamos Gold in a research report on Sunday, December 7th. Finally, Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and an average price target of $45.50.

Alamos Gold 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.