404,673 Shares of Alamos Gold Inc. $AGI Bought by Trek Financial LLC

Key Points

• Trek Financial LLC purchased 404,673 Alamos Gold shares in the third quarter, worth approximately $13.1 million and representing about 0.10% of the company. Institutional investors and hedge funds collectively own 64.33% of AGI.
• Alamos Gold shares opened at $27.49, near the company’s 52-week low of $26.92 and well below its 52-week high of $55.41. The company declared a quarterly dividend of $0.04 per share, equivalent to a 0.6% annual yield.
• Analyst sentiment remains broadly positive, with nine Buy ratings and one Sell rating; the consensus rating is “Moderate Buy,” with an average price target of $47.50.

Trek Financial LLC purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 404,673 shares of the basic materials company's stock, valued at approximately $13,107,000. Trek Financial LLC owned about 0.10% of Alamos Gold as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AGI. Accordant Advisory Group Inc lifted its stake in Alamos Gold by 25.1% in the third quarter. Accordant Advisory Group Inc now owns 140,967 shares of the basic materials company's stock valued at $4,566,000 after buying an additional 28,271 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Alamos Gold by 6.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 96,818 shares of the basic materials company's stock valued at $3,136,000 after acquiring an additional 5,823 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of Alamos Gold in the 3rd quarter worth $410,000. Kingswood Wealth Advisors LLC acquired a new stake in Alamos Gold in the 3rd quarter valued at $269,000. Finally, Signaturefd LLC raised its holdings in Alamos Gold by 86.7% during the third quarter. Signaturefd LLC now owns 4,839 shares of the basic materials company's stock worth $157,000 after buying an additional 2,247 shares during the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

NYSE AGI opened at $27.49 on Monday. The company has a market capitalization of $11.51 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.43 and a beta of 0.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.62 and a current ratio of 2.01. Alamos Gold Inc. has a 52-week low of $26.92 and a 52-week high of $55.41. The company has a 50-day simple moving average of $33.89 and a 200 day simple moving average of $38.18.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.16 annualized dividend and a dividend yield of 0.6%. Alamos Gold's dividend payout ratio (DPR) is presently 6.37%.

Analyst Ratings Changes

AGI has been the subject of a number of analyst reports. Zacks Research downgraded Alamos Gold from a "hold" rating to a "strong sell" rating in a research note on Monday, October 5th. Weiss Ratings upgraded Alamos Gold from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Jefferies Financial Group cut their price objective on shares of Alamos Gold from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday, July 6th. BMO Capital Markets reissued an "outperform" rating on shares of Alamos Gold in a research report on Thursday. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Alamos Gold in a report on Wednesday, September 16th. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Alamos Gold currently has a consensus rating of "Moderate Buy" and an average target price of $47.50.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of gold mines. The company produces gold doré and concentrate from its mining operations and also evaluates opportunities to expand existing assets and develop new projects.

Alamos Gold's principal operations are located in Ontario, Canada, including the Young-Davidson underground mine and the Island Gold underground mine. The company also operates the Magino open-pit mine in Ontario, which became part of its portfolio through the acquisition of Argonaut Gold.

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