CWA Asset Management Group LLC Grows Position in Alamos Gold Inc. $AGI

CWA Asset Management Group LLC increased its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 176.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 279,843 shares of the basic materials company’s stock after buying an additional 178,529 shares during the quarter. CWA Asset Management Group LLC’s holdings in Alamos Gold were worth $10,796,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AGI. Van ECK Associates Corp grew its stake in shares of Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock worth $1,587,666,000 after acquiring an additional 11,876,324 shares during the period. Norges Bank bought a new position in Alamos Gold during the second quarter valued at approximately $144,808,000. Geode Capital Management LLC lifted its position in Alamos Gold by 639.2% during the second quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock valued at $91,379,000 after purchasing an additional 2,923,478 shares during the period. CIBC Asset Management Inc boosted its holdings in Alamos Gold by 29.3% in the second quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock worth $296,623,000 after purchasing an additional 2,521,347 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Alamos Gold by 32.3% in the second quarter. Mackenzie Financial Corp now owns 8,979,615 shares of the basic materials company’s stock worth $238,990,000 after purchasing an additional 2,192,593 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE:AGI opened at $38.31 on Friday. The firm has a market capitalization of $16.09 billion, a PE ratio of 18.24, a PEG ratio of 0.53 and a beta of 0.55. The stock’s fifty day moving average is $44.77 and its 200 day moving average is $38.31. Alamos Gold Inc. has a fifty-two week low of $23.49 and a fifty-two week high of $55.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The company had revenue of $575.30 million during the quarter, compared to analyst estimates of $596.18 million. During the same period in the previous year, the firm earned $0.25 earnings per share. Alamos Gold’s quarterly revenue was up 53.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio is presently 7.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Desjardins started coverage on Alamos Gold in a report on Friday, November 28th. They issued a “buy” rating for the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Finally, Scotiabank increased their target price on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $45.50.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.