Alamos Gold Inc. (NYSE:AGI) is Sprott Inc.’s 8th Largest Position

Sprott Inc. lessened its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,320,978 shares of the basic materials company’s stock after selling 130,948 shares during the period. Alamos Gold accounts for about 2.5% of Sprott Inc.’s portfolio, making the stock its 8th largest position. Sprott Inc.’s holdings in Alamos Gold were worth $42,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in AGI. CIBC Asset Management Inc increased its position in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after acquiring an additional 2,867,027 shares during the period. FMR LLC increased its holdings in Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after purchasing an additional 2,148,153 shares during the period. Addenda Capital Inc. bought a new stake in Alamos Gold during the 4th quarter valued at $34,869,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after buying an additional 891,255 shares during the period. Finally, Generate Investment Management Ltd grew its position in shares of Alamos Gold by 120.8% during the 4th quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company’s stock worth $15,101,000 after buying an additional 448,074 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Alamos Gold Price Performance

Shares of AGI stock opened at $23.15 on Wednesday. The stock’s 50-day moving average is $20.30 and its 200 day moving average is $19.77. Alamos Gold Inc. has a 1-year low of $11.36 and a 1-year high of $24.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The company has a market cap of $9.73 billion, a P/E ratio of 33.55, a PEG ratio of 0.40 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued 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 21.11% and a return on equity of 10.05%. The firm had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Research analysts predict that Alamos Gold Inc. will post 1.29 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.