Alps Advisors Inc. Makes New Investment in Alamos Gold Inc. (NYSE:AGI)

Alps Advisors Inc. acquired a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 40,088 shares of the basic materials company's stock, valued at approximately $1,072,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. LBP AM SA acquired a new stake in shares of Alamos Gold during the 1st quarter valued at approximately $1,155,000. Linden Thomas Advisory Services LLC purchased a new position in Alamos Gold in the 1st quarter valued at approximately $265,000. Trek Financial LLC raised its holdings in Alamos Gold by 4.2% during the first quarter. Trek Financial LLC now owns 261,964 shares of the basic materials company's stock worth $7,005,000 after purchasing an additional 10,482 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Alamos Gold by 69.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 105,000 shares of the basic materials company's stock worth $2,845,000 after purchasing an additional 43,200 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in Alamos Gold by 9.3% in the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock valued at $315,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Down 0.2%

Shares of NYSE:AGI traded down $0.06 during trading on Monday, reaching $26.56. The stock had a trading volume of 2,879,746 shares, compared to its average volume of 3,455,119. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The stock has a market cap of $11.16 billion, a P/E ratio of 42.83, a PEG ratio of 0.56 and a beta of 0.54. The business has a fifty day moving average price of $26.34 and a 200-day moving average price of $24.61. Alamos Gold Inc. has a fifty-two week low of $15.74 and a fifty-two week high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued 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). Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The business had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. During the same quarter last year, the firm posted $0.13 earnings per share. The company's revenue was up 20.0% on a year-over-year basis. As a group, analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Thursday, June 12th. Alamos Gold's payout ratio is 16.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AGI shares. Royal Bank Of Canada boosted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Stifel Nicolaus started coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They set a "buy" rating for the company. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Bank of America cut their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alamos Gold currently has an average rating of "Buy" and a consensus price target of $30.38.

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.