Navellier & Associates Inc. Buys 22,355 Shares of Alamos Gold Inc. (NYSE:AGI)

Navellier & Associates Inc. grew its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,048 shares of the basic materials company’s stock after buying an additional 22,355 shares during the quarter. Navellier & Associates Inc.’s holdings in Alamos Gold were worth $3,283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bradley Foster & Sargent Inc. CT grew its stake in shares of Alamos Gold by 47.5% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 176,795 shares of the basic materials company’s stock worth $3,260,000 after purchasing an additional 56,898 shares during the last quarter. Legacy Capital Group California Inc. raised its position in shares of Alamos Gold by 65.9% in the 4th quarter. Legacy Capital Group California Inc. now owns 17,538 shares of the basic materials company’s stock worth $323,000 after acquiring an additional 6,966 shares in the last quarter. Cumberland Partners Ltd raised its position in shares of Alamos Gold by 0.6% in the 4th quarter. Cumberland Partners Ltd now owns 277,000 shares of the basic materials company’s stock worth $5,108,000 after acquiring an additional 1,600 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after acquiring an additional 2,867,027 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. raised its position in shares of Alamos Gold by 10.7% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 15,500 shares of the basic materials company’s stock worth $286,000 after acquiring an additional 1,500 shares in the last quarter. 64.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank of Canada upped their price target on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and a consensus target price of $26.06.

Alamos Gold Stock Performance

Shares of AGI opened at $22.71 on Friday. The business’s fifty day simple moving average is $20.15 and its two-hundred day simple moving average is $19.65. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12 month low of $11.34 and a 12 month high of $24.27. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 32.91, a P/E/G ratio of 0.39 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.38% and a net margin of 21.11%. The business had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Research analysts anticipate that Alamos Gold Inc. will post 1.31 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.