CWA Asset Management Group LLC Grows Stake in Alamos Gold Inc. (NYSE:AGI)

CWA Asset Management Group LLC increased its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 8.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,210 shares of the basic materials company’s stock after buying an additional 3,427 shares during the period. CWA Asset Management Group LLC’s holdings in Alamos Gold were worth $797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its position in shares of Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after acquiring an additional 4,521,282 shares during the last quarter. FMR LLC increased its holdings in shares of Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after buying an additional 2,148,153 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Alamos Gold by 19.1% during 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 acquiring an additional 891,255 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Alamos Gold by 79.3% during the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock worth $97,336,000 after acquiring an additional 2,149,915 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Alamos Gold by 1.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock worth $41,205,000 after acquiring an additional 38,913 shares in the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Stock Up 0.2 %

Shares of Alamos Gold stock opened at $18.72 on Wednesday. The company’s 50 day moving average price is $18.94 and its 200-day moving average price is $18.69. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 0.93 and a beta of 1.15.

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

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. Alamos Gold’s dividend payout ratio is presently 16.67%.

Analyst Ratings Changes

AGI has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada increased their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alamos Gold has an average rating of “Buy” and a consensus target price of $25.06.

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.