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

Raymond James & Associates boosted its position in shares of Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 341,392 shares of the basic materials company’s stock after acquiring an additional 33,103 shares during the period. Raymond James & Associates’ holdings in Alamos Gold were worth $3,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AGI. Van ECK Associates Corp lifted its position in Alamos Gold by 7.4% during the fourth quarter. Van ECK Associates Corp now owns 44,900,614 shares of the basic materials company’s stock valued at $453,943,000 after acquiring an additional 3,088,880 shares during the last quarter. Herr Investment Group LLC purchased a new stake in Alamos Gold during the fourth quarter valued at approximately $14,258,000. FMR LLC raised its holdings in shares of Alamos Gold by 24.3% in the second quarter. FMR LLC now owns 4,411,128 shares of the basic materials company’s stock worth $30,945,000 after buying an additional 863,013 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Alamos Gold by 46.8% in the third quarter. Segall Bryant & Hamill LLC now owns 2,564,664 shares of the basic materials company’s stock worth $19,006,000 after buying an additional 817,974 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Alamos Gold by 250.8% in the fourth quarter. National Bank of Canada FI now owns 1,143,924 shares of the basic materials company’s stock worth $11,533,000 after buying an additional 817,854 shares during the last quarter. Hedge funds and other institutional investors own 50.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Scotiabank assumed coverage on shares of Alamos Gold in a report on Monday, April 24th. They issued an “outperform” rating and a $14.50 price target for the company. CIBC raised their price target on shares of Alamos Gold from C$17.50 to C$18.50 in a report on Tuesday, February 7th. Laurentian cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. StockNews.com cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Friday. Finally, TD Securities cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold presently has a consensus rating of “Hold” and an average price target of $16.08.

Alamos Gold Stock Performance

AGI stock opened at $12.32 on Friday. The firm has a market cap of $4.86 billion, a PE ratio of 51.34, a P/E/G ratio of 1.90 and a beta of 1.09. The firm’s fifty day moving average is $12.79 and its 200 day moving average is $11.08. Alamos Gold Inc. has a one year low of $6.35 and a one year high of $14.12.

Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last released its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $251.50 million for the quarter, compared to analyst estimates of $231.55 million. Alamos Gold had a net margin of 10.58% and a return on equity of 4.98%. The firm’s revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the business earned $0.05 earnings per share. Research analysts predict that Alamos Gold Inc. will post 0.46 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Thursday, March 16th were given a $0.025 dividend. The ex-dividend date was Wednesday, March 15th. This represents a $0.10 annualized dividend and a dividend yield of 0.81%. Alamos Gold’s dividend payout ratio (DPR) is 41.67%.

Alamos Gold Profile

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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.