Alamos Gold Inc. $AGI Holdings Boosted by Fiera Capital Corp

Fiera Capital Corp grew its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 514,337 shares of the basic materials company’s stock after purchasing an additional 16,358 shares during the period. Fiera Capital Corp’s holdings in Alamos Gold were worth $17,922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Pinnacle Wealth Management Group Inc. raised its position in Alamos Gold by 0.5% during the third quarter. Pinnacle Wealth Management Group Inc. now owns 72,121 shares of the basic materials company’s stock valued at $2,514,000 after buying an additional 390 shares during the period. Williamson Legacy Group LLC increased its holdings in shares of Alamos Gold by 0.7% in the 2nd quarter. Williamson Legacy Group LLC now owns 57,228 shares of the basic materials company’s stock valued at $1,520,000 after purchasing an additional 400 shares during the period. StoneX Group Inc. lifted its position in shares of Alamos Gold by 1.8% in the second quarter. StoneX Group Inc. now owns 26,083 shares of the basic materials company’s stock worth $693,000 after purchasing an additional 455 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Alamos Gold by 0.3% during the third quarter. Allianz Asset Management GmbH now owns 197,376 shares of the basic materials company’s stock worth $6,881,000 after purchasing an additional 543 shares during the period. Finally, VELA Investment Management LLC grew its position in Alamos Gold by 0.4% during the third quarter. VELA Investment Management LLC now owns 152,985 shares of the basic materials company’s stock valued at $5,333,000 after purchasing an additional 555 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

AGI has been the subject of a number of research analyst reports. Desjardins assumed coverage on shares of Alamos Gold in a research report on Friday, November 28th. They issued a “buy” rating for the company. Jefferies Financial Group reissued a “buy” rating and set a $49.00 price objective on shares of Alamos Gold in a research report on Sunday, December 7th. TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. Zacks Research downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, Scotiabank boosted their price target on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Two 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 data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $45.50.

Alamos Gold Price Performance

NYSE AGI opened at $47.95 on Friday. Alamos Gold Inc. has a fifty-two week low of $22.03 and a fifty-two week high of $48.07. The stock’s 50-day moving average is $41.09 and its two-hundred day moving average is $35.35. The firm has a market cap of $20.13 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.43 and a beta of 0.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.00 and a quick ratio of 1.33.

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

Alamos Gold Increases Dividend

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