Berkeley Capital Partners LLC Purchases 2,921 Shares of Alamos Gold Inc. (NYSE:AGI)

Berkeley Capital Partners LLC increased its position in shares of Alamos Gold Inc. (NYSE:AGIGet Rating) (TSE:AGI) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 35,971 shares of the basic materials company’s stock after buying an additional 2,921 shares during the period. Berkeley Capital Partners LLC’s holdings in Alamos Gold were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC increased its position in shares of Alamos Gold by 104.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 4,343 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 2,216 shares during the period. SeaBridge Investment Advisors LLC bought a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $77,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $89,000. Main Street Financial Solutions LLC bought a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $100,000. Finally, Van Hulzen Asset Management LLC acquired a new stake in Alamos Gold in the 4th quarter valued at $117,000. Institutional investors and hedge funds own 62.33% of the company’s stock.

Several analysts recently commented on the company. StockNews.com assumed coverage on Alamos Gold in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered Alamos Gold from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. Canaccord Genuity Group raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Finally, National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Friday, April 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Alamos Gold has an average rating of “Buy” and a consensus target price of $11.36.

Shares of AGI traded down $0.15 during trading hours on Wednesday, hitting $7.61. 183,748 shares of the stock traded hands, compared to its average volume of 4,010,221. Alamos Gold Inc. has a 1-year low of $6.51 and a 1-year high of $9.38. The firm has a market capitalization of $2.98 billion, a PE ratio of -23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.06. The business has a fifty day moving average of $8.08 and a 200-day moving average of $7.71.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last issued its quarterly earnings results on Wednesday, February 23rd. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $203.10 million for the quarter, compared to analyst estimates of $202.05 million. Alamos Gold had a positive return on equity of 4.85% and a negative net margin of 16.19%. As a group, equities research analysts expect that Alamos Gold Inc. will post 0.34 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 16th. This represents a $0.10 dividend on an annualized basis and a yield of 1.31%. Alamos Gold’s dividend payout ratio is presently -31.25%.

Alamos Gold Company Profile (Get Rating)

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 hectares located in Matachewan in the Northern Ontario, Canada.

See Also

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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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