Fullerton Fund Management Co Ltd. Buys 189,286 Shares of Alamos Gold Inc. $AGI

Fullerton Fund Management Co Ltd. grew its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,631,508 shares of the basic materials company’s stock after acquiring an additional 189,286 shares during the quarter. Alamos Gold comprises 2.8% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 14th largest position. Fullerton Fund Management Co Ltd. owned about 0.39% of Alamos Gold worth $62,944,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Alamos Gold by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company’s stock worth $600,712,000 after buying an additional 524,263 shares during the last quarter. Cannell & Spears LLC increased its stake in shares of Alamos Gold by 512.4% during the third quarter. Cannell & Spears LLC now owns 1,276,296 shares of the basic materials company’s stock valued at $44,492,000 after buying an additional 1,067,883 shares during the period. Montrusco Bolton Investments Inc. boosted its position in shares of Alamos Gold by 36.3% during the third quarter. Montrusco Bolton Investments Inc. now owns 547,567 shares of the basic materials company’s stock valued at $19,090,000 after purchasing an additional 145,843 shares in the last quarter. Public Sector Pension Investment Board bought a new stake in shares of Alamos Gold during the third quarter valued at approximately $1,095,000. Finally, Generate Investment Management Ltd boosted its position in shares of Alamos Gold by 14.3% during the fourth quarter. Generate Investment Management Ltd now owns 1,200,000 shares of the basic materials company’s stock valued at $46,296,000 after purchasing an additional 150,000 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of AGI opened at $38.40 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $41.77 and a two-hundred day simple moving average of $42.17. The stock has a market cap of $16.10 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.49 and a beta of 0.49. Alamos Gold Inc. has a 52 week low of $23.92 and a 52 week high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business’s quarterly revenue was up 79.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 earnings per share. On average, analysts expect that Alamos Gold Inc. will post 2.46 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Alamos Gold’s dividend payout ratio (DPR) is currently 6.37%.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of research analyst reports. Weiss Ratings downgraded Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $50.67.

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.