Fullerton Fund Management Co Ltd. Grows Stake in Alamos Gold Inc. $AGI

Fullerton Fund Management Co Ltd. increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,631,508 shares of the basic materials company’s stock after purchasing an additional 189,286 shares during the quarter. Alamos Gold makes up 2.8% of Fullerton Fund Management Co Ltd.’s portfolio, making the stock its 14th biggest holding. Fullerton Fund Management Co Ltd.’s holdings in Alamos Gold were worth $62,944,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in Alamos Gold by 7.3% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 24,300 shares of the basic materials company’s stock valued at $940,000 after buying an additional 1,650 shares during the last quarter. USS Investment Management Ltd boosted its stake in Alamos Gold by 3.2% during the fourth quarter. USS Investment Management Ltd now owns 94,957 shares of the basic materials company’s stock valued at $3,677,000 after buying an additional 2,920 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Alamos Gold by 19.5% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 31,840 shares of the basic materials company’s stock valued at $1,228,000 after buying an additional 5,194 shares during the last quarter. Verition Fund Management LLC bought a new position in Alamos Gold during the fourth quarter valued at approximately $21,219,000. Finally, MML Investors Services LLC bought a new position in Alamos Gold during the fourth quarter valued at approximately $216,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AGI shares. Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings lowered Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $50.67.

Alamos Gold Price Performance

NYSE:AGI opened at $38.40 on Wednesday. The firm has a market capitalization of $16.10 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.49 and a beta of 0.49. Alamos Gold Inc. has a 1 year low of $23.92 and a 1 year high of $55.41. The business has a 50 day simple moving average of $41.77 and a 200-day simple moving average of $42.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $596.70 million during the quarter, compared to analyst estimates of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The company’s revenue for the quarter was up 79.2% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. Equities analysts forecast that Alamos Gold Inc. will post 2.46 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid 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 is Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is presently 6.37%.

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.