Alamos Gold Inc. (NYSE:AGI) Position Boosted by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC increased its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 62.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,730 shares of the basic materials company's stock after purchasing an additional 38,870 shares during the quarter. Quattro Financial Advisors LLC's holdings in Alamos Gold were worth $2,694,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in Alamos Gold in the 1st quarter valued at about $41,000. Cutler Capital Management LLC purchased a new position in shares of Alamos Gold during the 4th quarter worth about $108,000. Daiwa Securities Group Inc. purchased a new position in Alamos Gold in the fourth quarter valued at approximately $136,000. Coppell Advisory Solutions LLC raised its holdings in Alamos Gold by 14.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock valued at $181,000 after buying an additional 1,260 shares during the period. Finally, NBT Bank N A NY purchased a new position in Alamos Gold in the first quarter valued at approximately $190,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Alamos Gold stock traded down $1.58 during midday trading on Tuesday, hitting $26.14. The company's stock had a trading volume of 4,056,492 shares, compared to its average volume of 3,463,660. 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's 50-day moving average price is $26.37 and its 200-day moving average price is $24.39. Alamos Gold Inc. has a 12 month low of $15.74 and a 12 month high of $31.00. The company has a market capitalization of $10.99 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 0.53 and a beta of 0.54.

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 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). The business had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. Alamos Gold's revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share 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 issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 annualized dividend and a yield of 0.38%. Alamos Gold's payout ratio is presently 16.13%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AGI. Bank of America dropped their price objective 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. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Royal Bank Of Canada boosted their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.