Accordant Advisory Group Inc Boosts Stock Position in Alamos Gold Inc. (NYSE:AGI)

Accordant Advisory Group Inc boosted its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 94.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,783 shares of the basic materials company's stock after buying an additional 35,886 shares during the period. Alamos Gold makes up 1.9% of Accordant Advisory Group Inc's holdings, making the stock its 18th largest position. Accordant Advisory Group Inc's holdings in Alamos Gold were worth $1,973,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AGI. Cutler Capital Management LLC acquired a new position in Alamos Gold during the 4th quarter valued at about $108,000. Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold in the fourth quarter valued at about $136,000. Coppell Advisory Solutions LLC increased its holdings in shares of Alamos Gold by 14.4% in the fourth 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 during the period. Vanguard Capital Wealth Advisors acquired a new position in shares of Alamos Gold in the first quarter valued at about $221,000. Finally, Rossby Financial LCC acquired a new position in shares of Alamos Gold in the fourth quarter valued at about $231,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AGI shares. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America lowered their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Alamos Gold has an average rating of "Moderate Buy" and a consensus target price of $30.38.

Alamos Gold Stock Up 0.1%

AGI traded up $0.02 on Friday, hitting $27.52. 3,716,456 shares of the company were exchanged, compared to its average volume of 2,808,044. Alamos Gold Inc. has a twelve month low of $15.01 and a twelve month high of $31.00. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 0.40 and a beta of 0.55. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $26.94 and a two-hundred day moving average price of $23.51.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company's revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, equities analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.36%. The ex-dividend date is Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is 16.13%.

Alamos Gold Company 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.