Legacy Capital Group California Inc. Grows Holdings in Alamos Gold Inc. (NYSE:AGI)

Legacy Capital Group California Inc. raised its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 65.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,538 shares of the basic materials company’s stock after purchasing an additional 6,966 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Alamos Gold were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Old West Investment Management LLC grew its position in shares of 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 purchasing an additional 48,128 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after buying an additional 2,867,027 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Alamos Gold during the 3rd quarter valued at approximately $793,000. Canoe Financial LP bought a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $4,066,000. Finally, National Bank of Canada FI lifted its holdings in shares of Alamos Gold by 18.4% in the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company’s stock worth $30,492,000 after buying an additional 237,278 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Down 2.4 %

AGI stock opened at $22.71 on Friday. The firm has a fifty day moving average price of $20.15 and a 200 day moving average price of $19.65. Alamos Gold Inc. has a fifty-two week low of $11.34 and a fifty-two week high of $24.27. The firm has a market cap of $9.55 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 0.39 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.38%. Sell-side analysts anticipate that Alamos Gold Inc. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AGI shares. Royal Bank of Canada raised their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial upgraded 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, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold 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.