McAlvany Wealth Management LLC Acquires New Stake in Alamos Gold Inc. $AGI

McAlvany Wealth Management LLC acquired a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 89,962 shares of the basic materials company’s stock, valued at approximately $3,471,000. Alamos Gold makes up about 2.7% of McAlvany Wealth Management LLC’s investment portfolio, making the stock its 11th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its position in shares of Alamos Gold by 44.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after buying an additional 222 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Alamos Gold by 2.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock worth $454,000 after buying an additional 229 shares in the last quarter. Clearstead Advisors LLC boosted its position in Alamos Gold by 62.7% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 251 shares during the last quarter. Sheets Smith Wealth Management boosted its position in Alamos Gold by 1.3% during the fourth quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock worth $775,000 after acquiring an additional 258 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Alamos Gold by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock valued at $340,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analysts Set New Price Targets

AGI has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a report on Saturday. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. Finally, Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $50.67.

Alamos Gold Trading Down 0.3%

Shares of AGI stock opened at $36.25 on Friday. The company’s 50-day moving average price is $41.16 and its 200-day moving average price is $42.12. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.47 and a beta of 0.49. Alamos Gold Inc. has a twelve month low of $23.92 and a twelve month high of $55.41.

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

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Alamos Gold’s dividend payout ratio is 6.37%.

About Alamos Gold

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.