Quattro Financial Advisors LLC Has $2.69 Million Stake in Alamos Gold Inc. (NYSE:AGI)

Quattro Financial Advisors LLC boosted its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 62.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,730 shares of the basic materials company's stock after buying 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 reporting period.

A number of other institutional investors have also recently bought and sold shares of AGI. Sunbelt Securities Inc. acquired a new position in shares of Alamos Gold in the first quarter valued at approximately $41,000. Cutler Capital Management LLC acquired a new position in shares of Alamos Gold in the fourth quarter valued at approximately $108,000. Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold in the fourth quarter valued at approximately $136,000. Coppell Advisory Solutions LLC boosted its stake in shares of 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 bought a new stake in shares of Alamos Gold in the first quarter valued at approximately $190,000. Institutional investors and hedge funds own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AGI. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America cut their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen cut 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 Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research note 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.38.

Alamos Gold Price Performance

Shares of NYSE:AGI traded up $0.07 during trading on Friday, hitting $27.04. 1,661,611 shares of the company were exchanged, compared to its average volume of 2,889,467. The business's 50 day moving average is $26.39 and its 200-day moving average is $24.24. The company has a market capitalization of $11.36 billion, a P/E ratio of 32.91, a price-to-earnings-growth ratio of 0.53 and a beta of 0.54. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 1-year low of $15.74 and a 1-year high of $31.00.

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 (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 return on equity of 9.83% and a net margin of 18.36%. The firm's quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the company posted $0.13 earnings per share. Equities analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.37%. Alamos Gold's payout ratio is 16.13%.

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.