Pekin Hardy Strauss Inc. Raises Stock Position in Alamos Gold Inc. (NYSE:AGI)

Pekin Hardy Strauss Inc. grew its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 6.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 253,737 shares of the basic materials company's stock after acquiring an additional 14,696 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.06% of Alamos Gold worth $6,779,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Murphy Pohlad Asset Management LLC increased its stake 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 valued at $4,269,000 after acquiring an additional 500 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Alamos Gold by 0.3% in 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 in the last quarter. NewEdge Advisors LLC boosted 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 in the last quarter. Ameriprise Financial Inc. increased its position in shares of Alamos Gold by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 187,920 shares of the basic materials company's stock valued at $3,465,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of 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 buying an additional 1,125 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Up 2.8%

AGI stock traded up $0.75 during midday trading on Monday, hitting $27.74. The company had a trading volume of 3,385,563 shares, compared to its average volume of 2,891,452. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 44.74, a PEG ratio of 0.53 and a beta of 0.54. Alamos Gold Inc. has a 52 week low of $15.74 and a 52 week high of $31.00. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. The stock's 50 day moving average price is $26.39 and its 200 day moving average price is $24.33.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced 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). The firm had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The company's quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 EPS. As a group, equities research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.36%. Alamos Gold's dividend payout ratio is currently 16.13%.

Analysts Set New Price Targets

AGI has been the subject of several research reports. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Bank of America lowered their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank Of Canada lifted 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, Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Two equities 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. According to data from MarketBeat.com, Alamos Gold has a consensus rating of "Moderate Buy" and a consensus target price 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.