Foundry Partners LLC Purchases 2,775 Shares of Alamos Gold Inc. (NYSE:AGI)

Foundry Partners LLC grew its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 521,683 shares of the basic materials company’s stock after buying an additional 2,775 shares during the period. Foundry Partners LLC owned approximately 0.12% of Alamos Gold worth $10,402,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Alamos Gold by 1.7% in the first quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company’s stock valued at $216,371,000 after buying an additional 250,207 shares in the last quarter. Mackenzie Financial Corp raised its stake in Alamos Gold by 147.6% in the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after purchasing an additional 4,521,282 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Alamos Gold by 71.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock worth $97,183,000 after purchasing an additional 2,756,759 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Alamos Gold by 19.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after buying an additional 891,255 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Alamos Gold by 79.3% in 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 period. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at $18.72 on Thursday. The company has a market cap of $7.86 billion, a P/E ratio of 31.33, a PEG ratio of 0.79 and a beta of 1.19. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $19.91 and a two-hundred day moving average price of $18.05. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year 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 (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The company had revenue of $360.90 million for the quarter. As a group, analysts anticipate that Alamos Gold Inc. will post 0.76 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s payout ratio is currently 16.67%.

Analysts Set New Price Targets

AGI has been the topic of several analyst reports. Jefferies Financial Group increased their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada boosted their price target on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Scotiabank increased their price target on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, National Bank Financial downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.06.

About Alamos Gold

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.