Private Advisor Group LLC Acquires Shares of 18,361 Alamos Gold Inc. (NYSE:AGI)

Private Advisor Group LLC bought a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,361 shares of the basic materials company's stock, valued at approximately $491,000.

A number of other large investors have also modified their holdings of AGI. Jennison Associates LLC acquired a new position in Alamos Gold during the first quarter worth $8,438,000. SeaBridge Investment Advisors LLC raised its holdings in Alamos Gold by 10.0% during the first quarter. SeaBridge Investment Advisors LLC now owns 11,000 shares of the basic materials company's stock worth $294,000 after purchasing an additional 1,000 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after purchasing an additional 660 shares during the last quarter. Sigma Planning Corp acquired a new position in Alamos Gold during the first quarter worth $885,000. Finally, Austin Wealth Management LLC acquired a new position in Alamos Gold during the first quarter worth $267,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Trading Up 2.1%

Shares of AGI stock traded up $0.52 during mid-day trading on Friday, hitting $24.82. 4,965,624 shares of the company's stock were exchanged, compared to its average volume of 3,480,920. Alamos Gold Inc. has a fifty-two week low of $15.74 and a fifty-two week high of $31.00. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 0.55 and a beta of 0.51. 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 50-day simple moving average of $26.33 and a two-hundred day simple moving average of $25.27.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Alamos Gold had a return on equity of 10.81% and a net margin of 22.99%. The firm had revenue of $438.20 million for the quarter, compared to analysts' expectations of $400.61 million. During the same quarter last year, the firm earned $0.24 earnings per share. The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. Equities analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 annualized dividend and a yield of 0.4%. Alamos Gold's dividend payout ratio (DPR) is 12.05%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AGI. Wall Street Zen raised Alamos Gold from a "hold" rating to a "buy" rating in a research report on Saturday. CIBC reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Bank of America dropped their price target 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, Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $30.38.

About Alamos Gold

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.