Cambridge Investment Research Advisors Inc. reduced its position in Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,836 shares of the basic materials company’s stock after selling 1,013 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Alamos Gold were worth $582,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. St. Johns Investment Management Company LLC purchased a new position in shares of Alamos Gold in the 1st quarter worth $49,000. Antonetti Capital Management LLC acquired a new stake in shares of Alamos Gold in the first quarter worth $57,000. Venturi Wealth Management LLC acquired a new stake in shares of Alamos Gold in the first quarter worth $71,000. Engineers Gate Manager LP acquired a new stake in shares of Alamos Gold in the third quarter worth $81,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of Alamos Gold by 58.8% in the first quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock worth $83,000 after acquiring an additional 3,665 shares in the last quarter. 54.99% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. StockNews.com assumed coverage on Alamos Gold in a report on Thursday, October 5th. They issued a “buy” rating for the company. CSFB decreased their price target on Alamos Gold from $13.00 to $12.50 and set a “neutral” rating for the company in a report on Thursday, August 17th. TD Securities upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price target on shares of Alamos Gold in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.70.
Alamos Gold Stock Performance
Shares of Alamos Gold stock opened at $11.75 on Tuesday. Alamos Gold Inc. has a 1 year low of $7.08 and a 1 year high of $14.12. The firm’s 50-day simple moving average is $11.84 and its 200-day simple moving average is $12.31. The firm has a market cap of $4.65 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.34 and a beta of 1.12.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Alamos Gold had a return on equity of 6.00% and a net margin of 16.98%. The firm had revenue of $261.00 million during the quarter, compared to analyst estimates of $251.17 million. During the same period in the previous year, the company earned $0.07 earnings per share. Alamos Gold’s quarterly revenue was up 36.5% on a year-over-year basis. On average, equities analysts predict that Alamos Gold Inc. will post 0.43 earnings per share for the current year.
Alamos Gold Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Wednesday, September 13th. Alamos Gold’s dividend payout ratio is currently 24.39%.
About Alamos Gold
Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold and silver 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.
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