Linscomb & Williams Inc. raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) by 26.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 33,102 shares of the basic materials company’s stock after buying an additional 7,004 shares during the quarter. Linscomb & Williams Inc.’s holdings in Alamos Gold were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC grew its stake in shares of Alamos Gold by 104.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 4,343 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 2,216 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new position in shares of Alamos Gold during the 4th quarter worth about $77,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Alamos Gold during the fourth quarter valued at about $89,000. Main Street Financial Solutions LLC bought a new stake in shares of Alamos Gold in the fourth quarter valued at about $100,000. Finally, Van Hulzen Asset Management LLC acquired a new stake in Alamos Gold during the fourth quarter worth about $117,000. 62.33% of the stock is owned by institutional investors.
Several analysts have recently weighed in on AGI shares. Zacks Investment Research lowered Alamos Gold from a “buy” rating to a “hold” rating in a report on Friday, May 13th. CIBC dropped their price objective on shares of Alamos Gold from C$14.50 to C$13.00 in a research note on Wednesday, January 19th. Canaccord Genuity Group lowered shares of Alamos Gold from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research report on Tuesday, January 18th. StockNews.com began coverage on shares of Alamos Gold in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Friday, April 29th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $11.36.
Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last announced its earnings results on Wednesday, February 23rd. The basic materials company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Alamos Gold had a positive return on equity of 4.85% and a negative net margin of 16.19%. The company had revenue of $203.10 million for the quarter, compared to analysts’ expectations of $202.05 million. As a group, equities research analysts expect that Alamos Gold Inc. will post 0.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Wednesday, March 16th. Alamos Gold’s dividend payout ratio is currently -31.25%.
Alamos Gold Profile (Get Rating)
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 hectares located in Matachewan in the Northern Ontario, Canada.
- Get a free copy of the StockNews.com research report on Alamos Gold (AGI)
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