Cumberland Partners Ltd Buys 1,600 Shares of Alamos Gold Inc. (NYSE:AGI)

Cumberland Partners Ltd increased its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 277,000 shares of the basic materials company’s stock after acquiring an additional 1,600 shares during the quarter. Cumberland Partners Ltd owned about 0.07% of Alamos Gold worth $5,108,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AGI. Blue Trust Inc. increased its stake in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after buying an additional 856 shares in the last quarter. Hara Capital LLC bought a new position in Alamos Gold in the 3rd quarter valued at $47,000. R Squared Ltd bought a new position in shares of Alamos Gold in the fourth quarter valued at about $61,000. Finally, Eastern Bank bought a new position in shares of Alamos Gold in the third quarter worth about $111,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AGI shares. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada lifted their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at $22.69 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 37.81, a price-to-earnings-growth ratio of 0.38 and a beta of 1.16. Alamos Gold Inc. has a one year low of $11.34 and a one year high of $23.32. The stock’s 50-day moving average is $20.07 and its 200-day moving average is $19.62.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. Equities analysts predict that Alamos Gold Inc. will post 0.8 earnings per share for the current fiscal year.

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.