Addenda Capital Inc. Makes New Investment in Alamos Gold Inc. (NYSE:AGI)

Addenda Capital Inc. acquired a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,890,930 shares of the basic materials company’s stock, valued at approximately $34,869,000. Alamos Gold makes up about 1.6% of Addenda Capital Inc.’s investment portfolio, making the stock its 19th largest position. Addenda Capital Inc. owned approximately 0.45% of Alamos Gold as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after buying an additional 856 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of Alamos Gold during the 3rd quarter valued at $47,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold during the 2nd quarter worth $88,000. Eastern Bank acquired a new position in shares of Alamos Gold in the 3rd quarter worth $111,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Alamos Gold during the third quarter worth $147,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Up 0.4 %

Shares of Alamos Gold stock opened at $19.54 on Tuesday. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45. The company has a market cap 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 current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $18.82 and a 200 day moving average price of $18.94.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter. As a group, analysts expect that Alamos Gold Inc. will post 0.82 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGI. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. 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. Finally, Jefferies Financial Group boosted their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 4th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Company 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.