Evoke Wealth LLC Has $6.29 Million Stake in Alamos Gold Inc. $AGI

Evoke Wealth LLC boosted its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 18.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 162,976 shares of the basic materials company’s stock after purchasing an additional 25,519 shares during the period. Evoke Wealth LLC’s holdings in Alamos Gold were worth $6,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AGI. Atlantic Union Bankshares Corp acquired a new position in Alamos Gold in the fourth quarter valued at $25,000. Bayforest Capital Ltd acquired a new position in Alamos Gold in the fourth quarter valued at $44,000. EverSource Wealth Advisors LLC lifted its holdings in Alamos Gold by 69.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after buying an additional 581 shares during the period. CIBC Private Wealth Group LLC increased its stake in Alamos Gold by 93.2% in the third quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 2,307 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Alamos Gold in the first quarter valued at $200,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Down 2.1%

NYSE:AGI opened at $38.42 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. The firm has a 50-day moving average of $43.72 and a 200-day moving average of $41.54. The company has a market cap of $16.14 billion, a PE ratio of 15.31, a PEG ratio of 0.50 and a beta of 0.50. Alamos Gold Inc. has a one year low of $23.92 and a one year high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $596.70 million during the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm’s revenue for the quarter was up 79.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, equities research analysts expect that Alamos Gold Inc. will post 2.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AGI. Scotiabank lifted their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Wall Street Zen downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $50.67.

Alamos Gold Company 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.