Ninety One UK Ltd Has $88.11 Million Stake in Alamos Gold Inc. $AGI

Ninety One UK Ltd increased its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,278,783 shares of the basic materials company’s stock after acquiring an additional 19,215 shares during the period. Ninety One UK Ltd’s holdings in Alamos Gold were worth $88,109,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Alamos Gold by 69.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 581 shares during the period. Farther Finance Advisors LLC boosted its stake in Alamos Gold by 528.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 3,757 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Alamos Gold by 93.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 2,307 shares during the period. Empowered Funds LLC bought a new stake in Alamos Gold during the 1st quarter valued at approximately $200,000. Finally, Orion Porfolio Solutions LLC bought a new stake in Alamos Gold during the 3rd quarter valued at approximately $205,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of AGI stock opened at $49.38 on Friday. The stock has a 50 day moving average of $46.60 and a two-hundred day moving average of $40.07. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a 12 month low of $23.75 and a 12 month high of $55.41. The company has a market capitalization of $20.74 billion, a P/E ratio of 23.51, a P/E/G ratio of 0.67 and a beta of 0.63.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The company had revenue of $575.30 million during the quarter, compared to the consensus estimate of $596.18 million. During the same quarter last year, the company earned $0.25 EPS. The company’s quarterly revenue was up 53.1% on a year-over-year basis. As a group, equities analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a $0.04 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio is 7.62%.

Analyst Ratings Changes

Several analysts recently weighed in on AGI shares. Wall Street Zen downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings downgraded Alamos Gold from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, April 2nd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research note 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 research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $50.67.

Alamos Gold Company 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.