38,500 Shares in Alamos Gold Inc. (NYSE:AGI) Acquired by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,500 shares of the basic materials company’s stock, valued at approximately $711,000. Alamos Gold makes up 1.0% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s investment portfolio, making the stock its 12th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Old West Investment Management LLC grew its holdings in shares of Alamos Gold by 11.0% during the 3rd 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 last quarter. CIBC Asset Management Inc grew its stake in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after buying an additional 2,867,027 shares during the last quarter. Canoe Financial LP acquired a new position in shares of Alamos Gold during the fourth quarter worth $4,066,000. National Bank of Canada FI lifted its stake in shares of Alamos Gold by 18.4% in the 3rd quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company’s stock valued at $30,492,000 after acquiring an additional 237,278 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Alamos Gold by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company’s stock valued at $6,224,000 after acquiring an additional 29,933 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at $26.57 on Friday. The business has a 50-day moving average price of $23.13 and a two-hundred day moving average price of $20.72. Alamos Gold Inc. has a 1-year low of $14.31 and a 1-year high of $27.25. The company has a market cap of $11.17 billion, a P/E ratio of 38.50, a PEG ratio of 0.40 and a beta of 1.15. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly 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. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. As a group, analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.38%. Alamos Gold’s payout ratio is currently 14.49%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, StockNews.com lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and a consensus target price of $26.06.

Alamos Gold Profile

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.