Hohimer Wealth Management LLC Takes Position in Alamos Gold Inc. $AGI

Hohimer Wealth Management LLC acquired a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the third quarter, Holdings Channel reports. The firm acquired 108,971 shares of the basic materials company’s stock, valued at approximately $3,799,000.

Other institutional investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. bought a new position in Alamos Gold during the 3rd quarter valued at $35,000. EverSource Wealth Advisors LLC raised its stake in shares of Alamos Gold by 69.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after buying an additional 581 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Alamos Gold in the second quarter valued at $90,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Alamos Gold in the second quarter valued at $98,000. Finally, Employees Retirement System of Texas bought a new position in Alamos Gold during the second quarter valued at about $112,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Price Performance

NYSE AGI opened at $52.43 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a 1 year low of $22.03 and a 1 year high of $52.48. The company has a market cap of $22.01 billion, a PE ratio of 24.97, a PEG ratio of 0.48 and a beta of 0.61. The stock’s 50-day moving average price is $42.14 and its two-hundred day moving average price is $36.03.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The business had revenue of $575.30 million for the quarter, compared to the consensus estimate of $596.18 million. During the same period last year, the firm posted $0.25 earnings per share. The firm’s quarterly revenue was up 53.1% compared to the same quarter last year. On average, analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.04 per share. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.16 annualized dividend and a yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is presently 4.76%.

Analysts Set New Price Targets

Several equities research analysts have commented on AGI shares. Zacks Research cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $49.00 target price on shares of Alamos Gold in a report on Sunday, December 7th. Desjardins began coverage on shares of Alamos Gold in a research note on Friday, November 28th. They set a “buy” rating for the company. Finally, Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $45.50.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.