Raymond James & Associates Raises Holdings in Alamos Gold Inc. (NYSE:AGI)

Raymond James & Associates lifted its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 74.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 472,938 shares of the basic materials company's stock after acquiring an additional 201,905 shares during the period. Raymond James & Associates owned approximately 0.12% of Alamos Gold worth $6,370,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AGI. Pinnacle Wealth Management Group Inc. boosted its holdings in shares of Alamos Gold by 1.4% in the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 71,075 shares of the basic materials company's stock worth $802,000 after purchasing an additional 1,000 shares in the last quarter. First Trust Advisors LP boosted its stake in Alamos Gold by 8.9% in the first quarter. First Trust Advisors LP now owns 12,280 shares of the basic materials company's stock worth $150,000 after buying an additional 1,005 shares in the last quarter. AE Wealth Management LLC grew its position in Alamos Gold by 2.8% during the third quarter. AE Wealth Management LLC now owns 38,692 shares of the basic materials company's stock valued at $437,000 after acquiring an additional 1,049 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Alamos Gold by 3.9% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 29,830 shares of the basic materials company's stock worth $337,000 after acquiring an additional 1,109 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of Alamos Gold by 5.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company's stock worth $239,000 after acquiring an additional 1,432 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of analyst reports. Jefferies Financial Group began coverage on shares of Alamos Gold in a research report on Thursday, February 29th. They issued a "buy" rating and a $14.00 target price on the stock. Royal Bank of Canada raised Alamos Gold from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $12.00 to $16.00 in a research note on Thursday, January 11th. National Bank Financial restated an "outperform overweight" rating on shares of Alamos Gold in a research report on Wednesday, January 3rd. StockNews.com downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Bank of America raised Alamos Gold from a "neutral" rating to a "buy" rating and increased their price objective for the company from $21.75 to $27.25 in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Alamos Gold has a consensus rating of "Moderate Buy" and an average price target of $16.95.

Alamos Gold Stock Up 1.3 %

Shares of AGI traded up $0.20 during mid-day trading on Tuesday, hitting $15.06. 3,725,882 shares of the company's stock traded hands, compared to its average volume of 2,535,254. The firm has a market capitalization of $5.97 billion, a P/E ratio of 28.42, a PEG ratio of 1.48 and a beta of 1.15. The business's 50-day moving average price is $12.95 and its 200-day moving average price is $12.91. Alamos Gold Inc. has a 1 year low of $10.78 and a 1 year high of $15.45.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Alamos Gold had a net margin of 20.52% and a return on equity of 7.30%. The firm had revenue of $254.60 million during the quarter, compared to analysts' expectations of $257.47 million. During the same period last year, the company posted $0.09 EPS. The company's quarterly revenue was up 9.8% compared to the same quarter last year. Sell-side analysts anticipate that Alamos Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold's dividend payout ratio is currently 18.87%.

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.