Foundation Resource Management Inc. Grows Stock Position in Alamos Gold Inc. (NYSE:AGI)

Foundation Resource Management Inc. lifted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 23.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,995 shares of the basic materials company’s stock after purchasing an additional 9,570 shares during the quarter. Foundation Resource Management Inc.’s holdings in Alamos Gold were worth $940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of AGI. Commonwealth Equity Services LLC increased its holdings in Alamos Gold by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock valued at $1,042,000 after purchasing an additional 1,654 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Alamos Gold by 1,076.2% in the second quarter. Acadian Asset Management LLC now owns 24,700 shares of the basic materials company’s stock valued at $387,000 after purchasing an additional 22,600 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in Alamos Gold during the 2nd quarter worth approximately $48,000. Pekin Hardy Strauss Inc. boosted its position in Alamos Gold by 8.9% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 215,016 shares of the basic materials company’s stock valued at $3,372,000 after buying an additional 17,661 shares during the period. Finally, Old West Investment Management LLC purchased a new stake in shares of Alamos Gold during the second quarter worth $6,864,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AGI shares. Jefferies Financial Group increased their price target on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Finally, StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and an average price target of $25.06.

Alamos Gold Stock Performance

Shares of AGI opened at $19.54 on Wednesday. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $18.80 and a 200 day moving average price of $18.84.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $360.90 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. Research analysts predict that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.51%. Alamos Gold’s dividend payout ratio is presently 16.67%.

Alamos Gold Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.