Alamos Gold Inc. (NYSE:AGI) Holdings Trimmed by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 20.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,407 shares of the basic materials company's stock after selling 18,537 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Alamos Gold were worth $1,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AGI. Murphy Pohlad Asset Management LLC lifted its holdings in Alamos Gold by 0.3% in the first quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock worth $4,269,000 after acquiring an additional 500 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Alamos Gold by 0.3% during the 4th quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock worth $3,349,000 after purchasing an additional 614 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Alamos Gold by 1.2% in the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock worth $1,342,000 after purchasing an additional 854 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Alamos Gold by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 187,920 shares of the basic materials company's stock worth $3,465,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Alamos Gold by 4.9% during the 4th quarter. Cetera Investment Advisers now owns 23,853 shares of the basic materials company's stock valued at $440,000 after purchasing an additional 1,125 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AGI. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Royal Bank Of Canada upped their target price 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. Finally, Bank of America dropped their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.38.

Alamos Gold Stock Performance

Shares of AGI traded up $0.07 during trading hours on Friday, reaching $27.04. 1,661,611 shares of the company's stock traded hands, compared to its average volume of 2,885,633. Alamos Gold Inc. has a twelve month low of $15.74 and a twelve month high of $31.00. The business's fifty day simple moving average is $26.39 and its two-hundred day simple moving average is $24.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 43.60, a P/E/G ratio of 0.53 and a beta of 0.54.

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 net margin of 18.36% and a return on equity of 9.83%. The firm's quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. 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 announced 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. The ex-dividend date was Thursday, June 12th. This represents a $0.10 annualized dividend and a yield of 0.37%. Alamos Gold's payout ratio 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.