Blue Trust Inc. Acquires 1,157 Shares of Alamos Gold Inc. (NYSE:AGI)

Blue Trust Inc. raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 155.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the basic materials company’s stock after acquiring an additional 1,157 shares during the quarter. Blue Trust Inc.’s holdings in Alamos Gold were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. FMR LLC lifted 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Alamos Gold by 19.1% in the third 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 in the last quarter. CIBC Asset Management Inc boosted its position in shares of Alamos Gold by 79.3% in the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after acquiring an additional 2,149,915 shares during the period. The Manufacturers Life Insurance Company grew its stake in Alamos Gold by 1.9% during the third quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock valued at $41,205,000 after acquiring an additional 38,913 shares in the last quarter. Finally, Addenda Capital Inc. bought a new stake in Alamos Gold during the 4th quarter worth approximately $34,869,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Performance

Alamos Gold stock opened at $22.21 on Monday. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $22.62. 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 cap of $9.33 billion, a P/E ratio of 37.01, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The firm’s fifty day moving average price is $19.56 and its 200-day moving average price is $19.30.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.45%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

Wall Street Analyst Weigh In

Several brokerages have commented on AGI. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alamos Gold has an average rating of “Buy” and an average 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.