Wilmington Savings Fund Society FSB Buys Shares of 20,700 Alamos Gold Inc. (NYSE:AGI)

Wilmington Savings Fund Society FSB purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,700 shares of the basic materials company’s stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Alamos Gold in the 3rd quarter valued at $724,000. Toronto Dominion Bank grew its position in Alamos Gold by 20.6% in the 3rd quarter. Toronto Dominion Bank now owns 178,946 shares of the basic materials company’s stock valued at $3,568,000 after acquiring an additional 30,548 shares in the last quarter. Geode Capital Management LLC increased its stake in Alamos Gold by 11.1% during the third quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company’s stock worth $6,224,000 after purchasing an additional 29,933 shares during the period. Barclays PLC lifted its position in shares of Alamos Gold by 46.6% during the third quarter. Barclays PLC now owns 322,402 shares of the basic materials company’s stock worth $6,428,000 after purchasing an additional 102,525 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Alamos Gold during the third quarter worth about $207,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Stock Performance

NYSE:AGI opened at $19.11 on Tuesday. Alamos Gold Inc. has a 12 month low of $11.24 and a 12 month high of $21.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm has a market capitalization of $8.03 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The business’s fifty day moving average price is $19.47 and its 200 day moving average price is $18.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data 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 business had revenue of $360.90 million for the quarter. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. Alamos Gold’s payout ratio is currently 16.67%.

Wall Street Analyst Weigh In

AGI has been the topic of several recent research reports. Scotiabank upped their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group lifted their price objective on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “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.