89,962 Shares in Alamos Gold Inc. $AGI Acquired by McAlvany Wealth Management LLC

McAlvany Wealth Management LLC bought a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, HoldingsChannel.com reports. The fund bought 89,962 shares of the basic materials company’s stock, valued at approximately $3,471,000. Alamos Gold comprises about 2.7% of McAlvany Wealth Management LLC’s holdings, making the stock its 11th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in shares of Alamos Gold in the 4th quarter valued at $25,000. Clearstead Advisors LLC increased its position in shares of Alamos Gold by 62.7% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 251 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Alamos Gold by 44.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 222 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Alamos Gold during the 4th quarter worth about $44,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Alamos Gold by 69.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after buying an additional 581 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AGI. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Saturday. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Weiss Ratings downgraded shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $50.67.

Alamos Gold Stock Down 0.3%

NYSE:AGI opened at $36.25 on Friday. 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 stock’s fifty day moving average is $41.16 and its two-hundred day moving average is $42.12. Alamos Gold Inc. has a 52 week low of $23.92 and a 52 week high of $55.41. The stock has a market capitalization of $15.20 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 0.47 and a beta of 0.49.

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

Alamos Gold Dividend Announcement

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

About Alamos Gold

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.