Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Buys New Shares in Alamos Gold Inc. (NYSE:AGI)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 38,500 shares of the basic materials company’s stock, valued at approximately $711,000. Alamos Gold makes up about 1.0% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 12th biggest position.

A number of other large investors also recently modified their holdings of AGI. Blue Trust Inc. boosted its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after buying an additional 856 shares during the last quarter. R Squared Ltd bought a new stake in Alamos Gold during the fourth quarter worth $61,000. Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold during the 4th quarter worth about $136,000. Finally, XTX Topco Ltd bought a new stake in Alamos Gold in the third quarter valued at approximately $207,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com lowered Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, 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. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $26.06.

Alamos Gold Trading Down 0.5 %

AGI stock opened at $26.57 on Friday. Alamos Gold Inc. has a 52 week low of $14.31 and a 52 week high of $27.25. The company has a market capitalization of $11.17 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company’s 50-day simple moving average is $23.13 and its 200 day simple moving average is $20.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. As a group, sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold’s payout ratio is 14.49%.

About Alamos Gold

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.