256,900 Shares in Alamos Gold Inc. (NYSE:AGI) Bought by DJE Kapital AG

DJE Kapital AG bought a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 256,900 shares of the basic materials company’s stock, valued at approximately $4,575,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning boosted its stake in Alamos Gold by 122.2% during the third quarter. Creative Planning now owns 27,476 shares of the basic materials company’s stock worth $548,000 after buying an additional 15,113 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Alamos Gold during the third quarter worth $3,290,000. Old West Investment Management LLC boosted its stake in Alamos Gold by 11.0% during the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after buying an additional 48,128 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Alamos Gold by 3.7% during the third quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company’s stock worth $34,655,000 after buying an additional 61,700 shares in the last quarter. Finally, Hara Capital LLC acquired a new stake in Alamos Gold during the third quarter worth $47,000. Institutional investors own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AGI. Royal Bank of Canada boosted their target price 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. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold Stock Up 0.9 %

Shares of NYSE AGI opened at $22.83 on Monday. The firm’s 50-day simple moving average is $20.67 and its 200 day simple moving average is $19.91. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 0.40 and a beta of 1.16. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12-month low of $12.40 and a 12-month high of $24.27.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. On average, research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.44%. Alamos Gold’s dividend payout ratio (DPR) is 14.49%.

Alamos Gold Company 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.