Pekin Hardy Strauss Inc. Acquires 15,164 Shares of Alamos Gold Inc. $AGI

Pekin Hardy Strauss Inc. raised its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 279,008 shares of the basic materials company’s stock after purchasing an additional 15,164 shares during the period. Alamos Gold accounts for 1.0% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 16th biggest position. Pekin Hardy Strauss Inc. owned about 0.07% of Alamos Gold worth $10,789,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bayforest Capital Ltd purchased a new position in Alamos Gold in the 4th quarter worth $44,000. EverSource Wealth Advisors LLC raised its position in Alamos Gold by 69.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 581 shares during the period. Farther Finance Advisors LLC raised its position in Alamos Gold by 528.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 3,757 shares during the period. CIBC Private Wealth Group LLC raised its position in Alamos Gold by 93.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 2,307 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new position in Alamos Gold in the 4th quarter worth $205,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Down 4.4%

Shares of NYSE:AGI opened at $41.66 on Wednesday. The company has a market cap of $17.50 billion, a PE ratio of 19.84, a P/E/G ratio of 0.59 and a beta of 0.63. Alamos Gold Inc. has a 1 year low of $23.75 and a 1 year high of $55.41. The stock’s 50-day moving average is $46.62 and its 200 day moving average is $40.68. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.00 and a quick ratio of 1.60.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.05. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The firm had revenue of $575.30 million for the quarter, compared to analysts’ expectations of $596.18 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was up 53.1% compared to the same quarter last year. Sell-side analysts anticipate that Alamos Gold Inc. will post 2.5 EPS for the current year.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $0.04 dividend. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 12th. This represents a $0.16 annualized dividend and a yield of 0.4%. Alamos Gold’s dividend payout ratio (DPR) is currently 7.62%.

Analysts Set New Price Targets

A number of brokerages recently commented on AGI. Scotiabank lifted their target price on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 6th. Weiss Ratings cut shares of Alamos Gold from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, April 2nd. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and an average target price of $50.67.

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.