Foundry Partners LLC Purchases 2,775 Shares of Alamos Gold Inc. (NYSE:AGI)

Foundry Partners LLC increased its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 521,683 shares of the basic materials company’s stock after acquiring an additional 2,775 shares during the period. Foundry Partners LLC’s holdings in Alamos Gold were worth $10,402,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Baldwin Brothers LLC MA bought a new stake in Alamos Gold during the 2nd quarter valued at $47,000. Hara Capital LLC bought a new stake in Alamos Gold in the 3rd quarter worth approximately $47,000. Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold in the 2nd quarter worth approximately $48,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold in the 2nd quarter valued at about $88,000. Finally, Eastern Bank purchased a new stake in Alamos Gold during the 3rd quarter valued at $111,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AGI. Jefferies Financial Group boosted their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Scotiabank increased their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, Royal Bank of Canada lifted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.06.

Alamos Gold Price Performance

NYSE AGI opened at $18.72 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7.86 billion, a P/E ratio of 31.33, a PEG ratio of 0.79 and a beta of 1.19. The company has a 50-day moving average price of $19.91 and a 200-day moving average price of $18.05. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (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 for the quarter. Equities research analysts anticipate that Alamos Gold Inc. will post 0.76 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s payout ratio is 16.67%.

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.