Thurston Springer Miller Herd & Titak Inc. Increases Stock Position in Alamos Gold Inc. (NYSE:AGI)

Thurston Springer Miller Herd & Titak Inc. boosted its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 51.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,510 shares of the basic materials company’s stock after buying an additional 856 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Alamos Gold were worth $46,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Hara Capital LLC purchased a new stake in Alamos Gold in the 3rd quarter worth $47,000. Employees Retirement System of Texas purchased a new stake in Alamos Gold in the 2nd quarter worth $88,000. Eastern Bank purchased a new stake in Alamos Gold in the 3rd quarter worth $111,000. Plato Investment Management Ltd purchased a new stake in Alamos Gold in the 3rd quarter worth $147,000. Finally, XTX Topco Ltd purchased a new stake in Alamos Gold in the 3rd quarter worth $207,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 0.4 %

Shares of NYSE AGI opened at $19.54 on Friday. The firm’s 50-day moving average price is $18.79 and its 200-day moving average price is $18.90. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 32.56, a P/E/G ratio of 0.59 and a beta of 1.15. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data 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 firm had revenue of $360.90 million during the quarter. On average, equities research analysts anticipate that Alamos Gold Inc. will post 0.82 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

Wall Street Analysts Forecast Growth

AGI has been the topic of several research analyst reports. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group upped their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and an average target price of $25.06.

About Alamos Gold

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.