TD Waterhouse Canada Inc. Buys 11,335 Shares of Alamos Gold Inc. $AGI

TD Waterhouse Canada Inc. raised its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 11.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 110,703 shares of the basic materials company’s stock after buying an additional 11,335 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Alamos Gold were worth $4,259,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of AGI. Bayforest Capital Ltd acquired a new position in Alamos Gold in the fourth quarter valued at about $44,000. EverSource Wealth Advisors LLC grew its stake in Alamos Gold by 69.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after buying an additional 581 shares in the last quarter. Farther Finance Advisors LLC grew its stake 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 buying an additional 3,757 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Alamos Gold by 93.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock valued at $167,000 after buying an additional 2,307 shares during the period. Finally, Empowered Funds LLC bought a new position in Alamos Gold in the 1st quarter valued at about $200,000. 64.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday, February 6th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Weiss Ratings cut Alamos Gold from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, April 2nd. Finally, Wall Street Zen downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. One research 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 stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and an average target price of $50.67.

Alamos Gold Stock Down 9.0%

Shares of NYSE AGI opened at $44.53 on Wednesday. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. The company has a market cap of $18.70 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 0.67 and a beta of 0.63. Alamos Gold Inc. has a 12 month low of $23.75 and a 12 month high of $55.41. The stock has a 50-day moving average price of $46.69 and a two-hundred day moving average price of $40.32.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The firm had revenue of $575.30 million during the quarter, compared to analysts’ expectations of $596.18 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 53.1% compared to the same quarter last year. As a group, analysts forecast that Alamos Gold Inc. will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s payout ratio is currently 7.62%.

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.