11,951 Shares in Alamos Gold Inc. (NYSE:AGI) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,951 shares of the basic materials company's stock, valued at approximately $320,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cutler Capital Management LLC purchased a new stake in Alamos Gold in the fourth quarter worth approximately $108,000. Daiwa Securities Group Inc. bought a new position in Alamos Gold in the fourth quarter worth approximately $136,000. Vanguard Capital Wealth Advisors bought a new position in Alamos Gold in the first quarter worth approximately $221,000. Columbia Asset Management bought a new position in Alamos Gold in the first quarter worth approximately $233,000. Finally, Coppell Advisory Solutions LLC raised its position 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 worth $181,000 after acquiring an additional 1,260 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America decreased 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 report on Tuesday, April 8th. Royal Bank Of Canada raised 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. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.38.

Alamos Gold Price Performance

NYSE AGI traded down $1.58 on Tuesday, reaching $26.14. The company had a trading volume of 4,149,509 shares, compared to its average volume of 2,896,464. 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 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. The firm'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.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $324.98 million. During the same period in the previous year, the business earned $0.13 earnings per share. The business's quarterly revenue was up 20.0% on a year-over-year basis. As a group, equities analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders 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 dividend yield of 0.38%. Alamos Gold's payout ratio is currently 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.