Cumberland Partners Ltd Acquires 1,600 Shares of Alamos Gold Inc. (NYSE:AGI)

Cumberland Partners Ltd raised its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 277,000 shares of the basic materials company’s stock after purchasing an additional 1,600 shares during the period. Cumberland Partners Ltd’s holdings in Alamos Gold were worth $5,108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Old West Investment Management LLC increased its position in Alamos Gold by 11.0% during the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after acquiring an additional 48,128 shares during the period. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Alamos Gold during the third quarter worth about $1,196,000. CWA Asset Management Group LLC bought a new position in Alamos Gold in the 3rd quarter valued at approximately $793,000. Canoe Financial LP bought a new position in shares of Alamos Gold in the 4th quarter valued at $4,066,000. Finally, CIBC Asset Management Inc raised its position in Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AGI. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their price target on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $26.06.

Alamos Gold Stock Down 0.1 %

Alamos Gold stock opened at $22.69 on Thursday. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 37.81, a price-to-earnings-growth ratio of 0.38 and a beta of 1.16. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 1-year low of $11.34 and a 1-year high of $23.32. The firm’s fifty day moving average price is $20.07 and its two-hundred day moving average price is $19.62.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. On average, equities research analysts predict that Alamos Gold Inc. will post 0.8 earnings per share for the current fiscal year.

Alamos Gold Company 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.