Trek Financial LLC Has $7.01 Million Holdings in Alamos Gold Inc. (NYSE:AGI)

Trek Financial LLC raised its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 261,964 shares of the basic materials company's stock after purchasing an additional 10,482 shares during the period. Trek Financial LLC owned 0.06% of Alamos Gold worth $7,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale grew its position in shares of Alamos Gold by 69.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 105,000 shares of the basic materials company's stock valued at $2,845,000 after buying an additional 43,200 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Alamos Gold by 9.3% during the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock valued at $315,000 after buying an additional 1,000 shares during the last quarter. Pekin Hardy Strauss Inc. grew its position in shares of Alamos Gold by 6.1% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 253,737 shares of the basic materials company's stock valued at $6,779,000 after buying an additional 14,696 shares during the last quarter. Financial Counselors Inc. bought a new stake in shares of Alamos Gold during the 1st quarter valued at about $328,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Alamos Gold by 23.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 107,022 shares of the basic materials company's stock valued at $2,862,000 after buying an additional 20,186 shares during the last quarter. Institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Up 1.9%

AGI stock traded up $0.49 during trading hours on Friday, hitting $26.60. The company's stock had a trading volume of 3,268,598 shares, compared to its average volume of 2,926,213. The stock has a 50 day moving average price of $26.34 and a two-hundred day moving average price of $24.53. 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 $11.18 billion, a PE ratio of 42.90, a price-to-earnings-growth ratio of 0.55 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 (NYSE:AGI - Get Free Report) TSE: AGI last announced 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). Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The business had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. During the same quarter last year, the company earned $0.13 EPS. The business's revenue for the quarter was up 20.0% compared to the same quarter last year. On average, equities research analysts expect 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 paid a $0.025 dividend. The ex-dividend date was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. Alamos Gold's payout ratio is presently 16.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AGI shares. Royal Bank Of Canada boosted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research report on Wednesday. They issued a "buy" rating for the company. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Finally, Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $30.38.

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.