Alamos Gold Inc. $AGI is Caldwell Investment Management Ltd.’s 8th Largest Position

Caldwell Investment Management Ltd. grew its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 143.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,000 shares of the basic materials company’s stock after acquiring an additional 99,000 shares during the period. Alamos Gold accounts for 3.8% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its 8th biggest holding. Caldwell Investment Management Ltd.’s holdings in Alamos Gold were worth $5,818,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. increased its position in Alamos Gold by 105.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after purchasing an additional 1,227,695 shares during the last quarter. Empowered Funds LLC acquired a new position in Alamos Gold in the first quarter worth approximately $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Alamos Gold by 129.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock worth $27,111,000 after buying an additional 571,536 shares during the last quarter. Mn Services Vermogensbeheer B.V. bought a new position in Alamos Gold during the second quarter valued at approximately $2,031,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Alamos Gold by 20.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,444 shares of the basic materials company’s stock valued at $390,000 after acquiring an additional 2,493 shares during the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Stock Performance

AGI opened at $42.83 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $36.93 and its two-hundred day moving average price is $32.31. The firm has a market capitalization of $17.98 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 0.40 and a beta of 0.63. Alamos Gold Inc. has a 12-month low of $19.07 and a 12-month high of $43.87.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The business had revenue of $462.30 million for the quarter, compared to the consensus estimate of $490.96 million. During the same quarter last year, the company posted $0.19 earnings per share. Alamos Gold’s quarterly revenue was up 28.1% on a year-over-year basis. On average, equities analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. Alamos Gold’s payout ratio is presently 7.81%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a $49.00 price target on shares of Alamos Gold in a report on Sunday, December 7th. BMO Capital Markets restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, September 16th. Zacks Research cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Finally, Scotiabank restated an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $43.00.

Alamos Gold Profile

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.