33,084 Shares in Alamos Gold Inc. (NYSE:AGI) Acquired by Sigma Planning Corp

Sigma Planning Corp acquired a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 33,084 shares of the basic materials company's stock, valued at approximately $885,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in shares of Alamos Gold in the first quarter valued at $41,000. Cutler Capital Management LLC acquired a new stake in shares of Alamos Gold in the fourth quarter valued at about $108,000. Coppell Advisory Solutions LLC grew its stake in Alamos Gold by 14.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock valued at $181,000 after purchasing an additional 1,260 shares in the last quarter. NBT Bank N A NY acquired a new position in shares of Alamos Gold in the 1st quarter worth approximately $190,000. Finally, Continuum Advisory LLC grew its position in shares of Alamos Gold by 808.9% in the 1st quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock worth $220,000 after acquiring an additional 7,329 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AGI shares. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank Of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. CIBC restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Bank of America dropped their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at $25.39 on Friday. Alamos Gold Inc. has a 1-year low of $15.74 and a 1-year high of $31.00. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $26.29 and a 200-day moving average of $24.74. The company has a market cap of $10.67 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The business's revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. As a group, equities research analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

Alamos Gold Profile

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.

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