B. Riley Wealth Advisors Inc. Raises Position in Alamos Gold Inc. (NYSE:AGI)

B. Riley Wealth Advisors Inc. increased its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 45.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 185,652 shares of the basic materials company's stock after purchasing an additional 58,402 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Alamos Gold were worth $3,423,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AGI. Barclays PLC raised its holdings in Alamos Gold by 46.6% during the third quarter. Barclays PLC now owns 322,402 shares of the basic materials company's stock worth $6,428,000 after purchasing an additional 102,525 shares during the last quarter. Blue Trust Inc. raised its holdings in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after purchasing an additional 1,157 shares during the last quarter. Accordant Advisory Group Inc acquired a new position in Alamos Gold during the fourth quarter worth $699,000. R Squared Ltd acquired a new position in Alamos Gold during the fourth quarter worth $61,000. Finally, Murphy Pohlad Asset Management LLC lifted its position in shares of Alamos Gold by 6.9% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 159,150 shares of the basic materials company's stock valued at $2,935,000 after acquiring an additional 10,290 shares in the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Trading Up 0.9%

Shares of NYSE:AGI traded up $0.24 during midday trading on Friday, reaching $25.91. The company's stock had a trading volume of 6,031,751 shares, compared to its average volume of 2,743,797. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 1 year low of $15.01 and a 1 year high of $31.00. The business has a 50 day moving average price of $26.70 and a 200 day moving average price of $22.91.

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

Alamos Gold Announces Dividend

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 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Bank of America reduced their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada upped their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Finally, Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate 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.