United Capital Financial Advisers LLC raised its stake in shares of Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,394 shares of the basic materials company’s stock after acquiring an additional 1,390 shares during the period. United Capital Financial Advisers LLC’s holdings in Alamos Gold were worth $233,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Advisor Group Holdings Inc. increased its stake in Alamos Gold by 5.1% during the first quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock worth $239,000 after purchasing an additional 1,432 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Alamos Gold by 2.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,218 shares of the basic materials company’s stock worth $546,000 after buying an additional 1,445 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in Alamos Gold by 1.4% during the 1st quarter. Moors & Cabot Inc. now owns 106,589 shares of the basic materials company’s stock worth $897,000 after buying an additional 1,500 shares in the last quarter. Lee Danner & Bass Inc. boosted its position in Alamos Gold by 10.0% in the 3rd quarter. Lee Danner & Bass Inc. now owns 22,000 shares of the basic materials company’s stock valued at $163,000 after buying an additional 2,000 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Alamos Gold by 6.5% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,047 shares of the basic materials company’s stock worth $267,000 after acquiring an additional 2,190 shares in the last quarter. 50.22% of the stock is currently owned by institutional investors and hedge funds.
Alamos Gold Stock Performance
Shares of AGI stock opened at $9.92 on Thursday. The stock’s 50-day moving average is $10.64 and its two-hundred day moving average is $9.12. Alamos Gold Inc. has a 1 year low of $6.35 and a 1 year high of $11.61. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 99.20, a PEG ratio of 1.51 and a beta of 1.05.
Alamos Gold Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Thursday, March 16th will be given a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $0.10 annualized dividend and a yield of 1.01%. Alamos Gold’s dividend payout ratio (DPR) is 100.00%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on AGI shares. TheStreet upgraded Alamos Gold from a “c+” rating to a “b-” rating in a report on Friday, December 2nd. CIBC boosted their price objective on Alamos Gold from C$17.50 to C$18.50 in a research report on Tuesday, February 7th. Scotiabank raised shares of Alamos Gold from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $10.00 to $11.00 in a report on Tuesday, November 22nd. National Bank Financial boosted their price target on shares of Alamos Gold from C$17.50 to C$18.00 in a report on Tuesday, February 14th. Finally, Canaccord Genuity Group cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Thursday, January 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.
Alamos Gold Profile
Alamos Gold, Inc engages in the exploration, development, mining and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.
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