BLI Banque de Luxembourg Investments Purchases 159,000 Shares of Alamos Gold Inc. $AGI

BLI Banque de Luxembourg Investments lifted its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 29.9% during the 4th quarter, HoldingsChannel reports. The firm owned 690,000 shares of the basic materials company’s stock after acquiring an additional 159,000 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Alamos Gold were worth $26,733,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Alamos Gold by 3.1% during the third quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company’s stock valued at $600,712,000 after purchasing an additional 524,263 shares in the last quarter. Cannell & Spears LLC raised its stake in Alamos Gold by 512.4% during the third quarter. Cannell & Spears LLC now owns 1,276,296 shares of the basic materials company’s stock valued at $44,492,000 after buying an additional 1,067,883 shares during the last quarter. Alps Advisors Inc. raised its stake in Alamos Gold by 35.5% during the third quarter. Alps Advisors Inc. now owns 92,436 shares of the basic materials company’s stock valued at $3,222,000 after buying an additional 24,223 shares during the last quarter. Montrusco Bolton Investments Inc. raised its stake in Alamos Gold by 36.3% during the third quarter. Montrusco Bolton Investments Inc. now owns 547,567 shares of the basic materials company’s stock valued at $19,090,000 after buying an additional 145,843 shares during the last quarter. Finally, Public Sector Pension Investment Board purchased a new position in Alamos Gold during the third quarter valued at $1,095,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Up 0.9%

AGI stock opened at $35.82 on Tuesday. Alamos Gold Inc. has a 1-year low of $23.92 and a 1-year high of $55.41. The business has a fifty day moving average price of $42.82 and a 200-day moving average price of $42.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. The stock has a market capitalization of $15.04 billion, a P/E ratio of 14.27, a P/E/G ratio of 0.46 and a beta of 0.49.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The firm had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company’s revenue was up 79.2% on a year-over-year basis. Equities analysts forecast that Alamos Gold Inc. will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a $0.04 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Alamos Gold’s payout ratio is currently 6.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AGI shares. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $50.67.

Alamos Gold Company 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.