111 Capital Buys Shares of 10,577 Alamos Gold Inc. $AGI

111 Capital purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,577 shares of the basic materials company’s stock, valued at approximately $368,000.

A number of other institutional investors also recently made changes to their positions in the stock. 1620 Investment Advisors Inc. acquired a new position in shares of Alamos Gold during the third quarter valued at approximately $35,000. EverSource Wealth Advisors LLC lifted its position in Alamos Gold by 69.6% in the third 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 during the period. Bessemer Group Inc. bought a new position in Alamos Gold during the 2nd quarter valued at $90,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Alamos Gold during the 2nd quarter valued at $98,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Alamos Gold during the 2nd quarter valued at $112,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AGI has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a research report on Monday, December 29th. Desjardins began coverage on shares of Alamos Gold in a research note on Friday, November 28th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $49.00 target price on shares of Alamos Gold in a report on Sunday, December 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $45.50.

Alamos Gold Price Performance

AGI stock opened at $52.27 on Wednesday. Alamos Gold Inc. has a one year low of $22.76 and a one year high of $55.41. The firm has a 50-day moving average of $42.98 and a two-hundred day moving average of $36.77. The firm has a market capitalization of $21.95 billion, a PE ratio of 24.89, a P/E/G ratio of 0.76 and a beta of 0.55. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05.

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

Alamos Gold Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.3%. The ex-dividend date 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 presently 4.76%.

About Alamos Gold

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.