Northwest & Ethical Investments L.P. Purchases 2,490 Shares of Alamos Gold Inc. (NYSE:AGI)

Northwest & Ethical Investments L.P. grew its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,073 shares of the basic materials company’s stock after acquiring an additional 2,490 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Alamos Gold were worth $775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGI. Blue Trust Inc. grew its holdings in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after buying an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after buying an additional 856 shares in the last quarter. R Squared Ltd bought a new stake in Alamos Gold during the fourth quarter worth $61,000. Daiwa Securities Group Inc. bought a new stake in Alamos Gold during the fourth quarter worth $136,000. Finally, XTX Topco Ltd bought a new stake in Alamos Gold during the third quarter worth $207,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Down 0.1 %

AGI stock opened at $26.06 on Friday. The stock’s fifty day simple moving average is $22.46 and its two-hundred day simple moving average is $20.45. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 1-year low of $13.44 and a 1-year high of $26.35. The stock has a market cap of $10.95 billion, a P/E ratio of 37.76, a P/E/G ratio of 0.40 and a beta of 1.15.

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 for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped 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. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $26.06.

About Alamos Gold

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.