Bradley Foster & Sargent Inc. CT Buys 30,443 Shares of Alamos Gold Inc. $AGI

Bradley Foster & Sargent Inc. CT lifted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 686,509 shares of the basic materials company’s stock after acquiring an additional 30,443 shares during the period. Bradley Foster & Sargent Inc. CT owned approximately 0.16% of Alamos Gold worth $23,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. purchased a new stake in Alamos Gold during the third quarter valued at about $35,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Alamos Gold by 69.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 581 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of Alamos Gold during the 2nd quarter valued at about $90,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Alamos Gold during the 2nd quarter valued at about $98,000. Finally, Employees Retirement System of Texas purchased a new position in shares of Alamos Gold during the 2nd quarter valued at about $112,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on AGI shares. Desjardins assumed coverage on shares of Alamos Gold in a research report on Friday, November 28th. They set a “buy” rating on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Scotiabank lifted their target price on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Finally, TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $45.50.

Alamos Gold Trading Up 1.8%

NYSE:AGI opened at $50.58 on Wednesday. The firm has a market capitalization of $21.24 billion, a P/E ratio of 24.08, a P/E/G ratio of 0.47 and a beta of 0.61. The company has a quick ratio of 1.60, a current ratio of 2.00 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $41.60 and a 200 day moving average of $35.82. Alamos Gold Inc. has a 52 week low of $22.03 and a 52 week high of $50.86.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $575.30 million for the quarter, compared to analysts’ expectations of $596.18 million. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The company’s revenue for the quarter was up 53.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 earnings per share. On average, research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio is currently 4.76%.

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.