Navellier & Associates Inc. Grows Stake in Alamos Gold Inc. (NYSE:AGI)

Navellier & Associates Inc. lifted its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 14.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,048 shares of the basic materials company’s stock after buying an additional 22,355 shares during the period. Navellier & Associates Inc.’s holdings in Alamos Gold were worth $3,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 856 shares during the period. Hara Capital LLC bought a new position in Alamos Gold in the 3rd quarter worth $47,000. R Squared Ltd bought a new stake in Alamos Gold during the fourth quarter valued at about $61,000. Finally, Eastern Bank bought a new stake in Alamos Gold during the third quarter valued at about $111,000. 64.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AGI. Royal Bank of Canada raised their price target on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold Trading Down 2.4 %

Shares of Alamos Gold stock opened at $22.71 on Friday. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 0.39 and a beta of 1.16. The business has a 50-day moving average price of $20.15 and a 200-day moving average price of $19.65. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a twelve month low of $11.34 and a twelve month high of $24.27.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.38% and a net margin of 21.11%. Equities research analysts anticipate that Alamos Gold Inc. will post 1.31 EPS for the current fiscal year.

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.