Alamos Gold Inc. (NYSE:AGI) Stake Raised by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC lifted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,250 shares of the basic materials company’s stock after buying an additional 2,250 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Alamos Gold were worth $632,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Planning boosted its position in Alamos Gold by 122.2% during the 3rd quarter. Creative Planning now owns 27,476 shares of the basic materials company’s stock worth $548,000 after acquiring an additional 15,113 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Alamos Gold during the third quarter valued at about $3,290,000. Murphy Pohlad Asset Management LLC lifted its holdings in Alamos Gold by 9.6% in the third quarter. Murphy Pohlad Asset Management LLC now owns 148,860 shares of the basic materials company’s stock worth $2,968,000 after purchasing an additional 12,990 shares during the period. Old West Investment Management LLC lifted its holdings in Alamos Gold by 11.0% in the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after purchasing an additional 48,128 shares during the period. Finally, Principal Financial Group Inc. grew its position in Alamos Gold by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company’s stock valued at $34,655,000 after buying an additional 61,700 shares in the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Up 0.9 %

NYSE AGI opened at $22.83 on Friday. Alamos Gold Inc. has a 12 month low of $12.40 and a 12 month high of $24.27. The company has a market capitalization of $9.60 billion, a P/E ratio of 33.08, a PEG ratio of 0.40 and a beta of 1.16. The company’s 50 day simple moving average is $20.67 and its 200 day simple moving average is $19.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Equities research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. Alamos Gold’s dividend payout ratio is currently 14.49%.

Analyst Ratings Changes

AGI has been the topic of a number of recent analyst reports. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada boosted their target price on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average 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.