Montrusco Bolton Investments Inc. Has $19.81 Million Stock Position in Alamos Gold Inc. $AGI

Montrusco Bolton Investments Inc. trimmed its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 512,247 shares of the basic materials company’s stock after selling 35,320 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Alamos Gold were worth $19,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sheets Smith Wealth Management lifted its stake in shares of Alamos Gold by 1.3% in the fourth quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock worth $775,000 after buying an additional 258 shares during the last quarter. Private Advisor Group LLC raised its stake in Alamos Gold by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock valued at $340,000 after purchasing an additional 300 shares during the last quarter. Legacy Capital Group California Inc. raised its stake in Alamos Gold by 2.9% during the 4th quarter. Legacy Capital Group California Inc. now owns 11,936 shares of the basic materials company’s stock valued at $460,000 after purchasing an additional 337 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Alamos Gold by 4.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 9,232 shares of the basic materials company’s stock valued at $322,000 after purchasing an additional 400 shares during the last quarter. Finally, Petra Financial Advisors Inc. raised its stake in Alamos Gold by 1.9% during the 4th quarter. Petra Financial Advisors Inc. now owns 22,635 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 425 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Up 2.7%

Shares of AGI stock opened at $45.18 on Friday. The firm has a fifty day moving average of $46.69 and a 200-day moving average of $40.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.00. Alamos Gold Inc. has a 52-week low of $23.75 and a 52-week high of $55.41. The stock has a market cap of $18.97 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 0.60 and a beta of 0.63.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted 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 analyst estimates of $596.18 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 53.1% compared to the same quarter last year. On average, equities research analysts forecast that Alamos Gold Inc. will post 2.5 earnings per share for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s payout ratio is currently 7.62%.

Analysts Set New Price Targets

Several equities analysts recently commented on AGI shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings cut shares of Alamos Gold from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, April 2nd. Finally, Scotiabank upped their target price on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and a consensus target price of $50.67.

Alamos Gold Company 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.