Alamos Gold Inc. (NYSE:AGI) Shares Purchased by Veracity Capital LLC

Veracity Capital LLC lifted its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,569 shares of the basic materials company’s stock after acquiring an additional 694 shares during the period. Veracity Capital LLC’s holdings in Alamos Gold were worth $416,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of 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 bought a new position in Alamos Gold during the 3rd quarter valued at $47,000. Employees Retirement System of Texas acquired a new position in Alamos Gold during the 2nd quarter worth $88,000. Eastern Bank bought a new stake in shares of Alamos Gold in the 3rd quarter worth about $111,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Alamos Gold in the 3rd quarter valued at about $147,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $25.06.

Alamos Gold Stock Performance

Shares of NYSE AGI opened at $20.11 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $18.91 and its two-hundred day moving average price is $18.97. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45. The stock has a market capitalization of $8.45 billion, a P/E ratio of 33.52, a P/E/G ratio of 0.59 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share 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 for the quarter. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 0.81 earnings per share for the current 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 $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s payout ratio is 16.67%.

Alamos Gold 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.