UBS Group AG Buys 171,330 Shares of Alamos Gold Inc. (NYSE:AGI)

UBS Group AG raised its stake in shares of Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) by 37.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 623,651 shares of the basic materials company’s stock after purchasing an additional 171,330 shares during the period. UBS Group AG owned 0.16% of Alamos Gold worth $6,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AGI. Hollencrest Capital Management purchased a new stake in shares of Alamos Gold during the 4th quarter valued at about $47,000. Blueshift Asset Management LLC purchased a new stake in shares of Alamos Gold during the 3rd quarter valued at about $81,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Alamos Gold during the 4th quarter valued at about $81,000. Engineers Gate Manager LP purchased a new stake in shares of Alamos Gold during the 3rd quarter valued at about $81,000. Finally, Brown Brothers Harriman & Co. raised its position in Alamos Gold by 58.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock worth $83,000 after purchasing an additional 3,665 shares during the period. Institutional investors own 50.22% of the company’s stock.

Alamos Gold Trading Down 1.3 %

NYSE AGI opened at $12.32 on Friday. The company has a fifty day simple moving average of $12.79 and a two-hundred day simple moving average of $11.08. The stock has a market cap of $4.86 billion, a P/E ratio of 51.34, a P/E/G ratio of 1.90 and a beta of 1.09. Alamos Gold Inc. has a 12-month low of $6.35 and a 12-month high of $14.12.

Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last posted its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $251.50 million during the quarter, compared to analysts’ expectations of $231.55 million. Alamos Gold had a net margin of 10.58% and a return on equity of 4.98%. The business’s quarterly revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the company posted $0.05 earnings per share. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 0.46 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.81%. Alamos Gold’s dividend payout ratio is currently 41.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGI. Laurentian lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. StockNews.com downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Friday. CIBC increased their price objective on shares of Alamos Gold from C$17.50 to C$18.50 in a research note on Tuesday, February 7th. TD Securities downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Finally, National Bank Financial increased their price objective on shares of Alamos Gold from C$17.50 to C$18.00 in a research note on Tuesday, February 14th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.08.

Alamos Gold Profile

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Alamos Gold, Inc engages in the exploration, development, mining and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.