Alpine Woods Capital Investors LLC Raises Stake in Alamos Gold Inc. (NYSE:AGI)

Alpine Woods Capital Investors LLC grew its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 52.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,000 shares of the basic materials company’s stock after purchasing an additional 30,000 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Alamos Gold were worth $1,604,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AGI. Old West Investment Management LLC boosted its stake 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 valued at $9,689,000 after purchasing an additional 48,128 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Alamos Gold during the third quarter valued at $258,000. Plato Investment Management Ltd purchased a new stake in shares of Alamos Gold during the third quarter valued at $147,000. CIBC Asset Management Inc boosted its stake in shares of Alamos Gold by 79.3% during 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 purchasing an additional 2,149,915 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of Alamos Gold by 2.0% during the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock valued at $552,000 after purchasing an additional 531 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AGI has been the subject of a number of research reports. 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. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and a consensus price target of $26.06.

Alamos Gold Stock Up 1.6 %

NYSE:AGI opened at $24.91 on Friday. Alamos Gold Inc. has a 1-year low of $13.06 and a 1-year high of $25.31. The company has a 50-day moving average of $21.65 and a 200 day moving average of $20.18. The firm has a market cap of $10.47 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results 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 the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. As a group, research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.40%. Alamos Gold’s dividend payout ratio is presently 14.49%.

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.