Alamos Gold Inc. (NYSE:AGI) Shares Bought by Veracity Capital LLC

Veracity Capital LLC lifted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,569 shares of the basic materials company’s stock after buying an additional 694 shares during the period. Veracity Capital LLC’s holdings in Alamos Gold were worth $416,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AGI. Mackenzie Financial Corp boosted its position in Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after acquiring an additional 4,521,282 shares during the period. FMR LLC raised its stake in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after purchasing an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Alamos Gold by 19.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after purchasing an additional 891,255 shares during the period. CIBC Asset Management Inc grew its position in Alamos Gold by 79.3% in the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after buying an additional 2,149,915 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Alamos Gold by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock valued at $41,205,000 after buying an additional 38,913 shares during the period. 64.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AGI. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Jefferies Financial Group boosted their target price on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $25.06.

Alamos Gold Stock Performance

Shares of AGI opened at $20.11 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 firm’s 50 day moving average is $18.91 and its 200-day moving average is $18.97. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45. The stock has a market capitalization of $8.45 billion, a P/E ratio of 33.52, a P/E/G ratio of 0.59 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The business had revenue of $360.90 million during the quarter. Equities research analysts anticipate that Alamos Gold Inc. will post 0.81 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio is 16.67%.

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.