Thurston Springer Miller Herd & Titak Inc. Increases Holdings in Alamos Gold Inc. (NYSE:AGI)

Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 51.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,510 shares of the basic materials company’s stock after buying an additional 856 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Alamos Gold were worth $46,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mackenzie Financial Corp raised its stake in Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after buying an additional 4,521,282 shares during the last quarter. FMR LLC raised its stake in Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after buying an additional 2,148,153 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Alamos Gold by 19.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock valued at $110,662,000 after buying an additional 891,255 shares during the last quarter. CIBC Asset Management Inc raised its stake in Alamos Gold by 79.3% during the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after buying an additional 2,149,915 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Alamos Gold by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock valued at $41,205,000 after acquiring an additional 38,913 shares during the period. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AGI shares. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Jefferies Financial Group boosted their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alamos Gold presently has a consensus rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Trading Up 0.4 %

Shares of Alamos Gold stock opened at $19.54 on Friday. The company has a market capitalization of $8.21 billion, a P/E ratio of 32.56, a P/E/G ratio of 0.59 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The company has a fifty day moving average of $18.79 and a 200 day moving average of $18.90. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 0.82 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio is currently 16.67%.

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.