Bradley Foster & Sargent Inc. CT Acquires 56,898 Shares of Alamos Gold Inc. (NYSE:AGI)

Bradley Foster & Sargent Inc. CT raised its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 47.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 176,795 shares of the basic materials company’s stock after acquiring an additional 56,898 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Alamos Gold were worth $3,260,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AGI. Blue Trust Inc. boosted its position in shares of Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 856 shares during the last quarter. Hara Capital LLC bought a new position in Alamos Gold during the 3rd quarter worth approximately $47,000. R Squared Ltd acquired a new position in Alamos Gold during the fourth quarter valued at approximately $61,000. Finally, Eastern Bank acquired a new stake in Alamos Gold in the third quarter worth $111,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on AGI shares. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and a consensus price target of $26.06.

Alamos Gold Stock Down 2.4 %

AGI stock opened at $22.71 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The stock has a market capitalization of $9.55 billion, a P/E ratio of 32.91, a P/E/G ratio of 0.39 and a beta of 1.16. Alamos Gold Inc. has a fifty-two week low of $11.34 and a fifty-two week high of $24.27. The business has a 50-day moving average of $20.15 and a 200-day moving average of $19.65.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.38% and a net margin of 21.11%. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 1.31 earnings per share for the current fiscal year.

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.