Raymond James & Associates Decreases Position in Alamos Gold Inc. (NYSE:AGI)

Raymond James & Associates decreased its holdings in shares of Alamos Gold Inc. (NYSE:AGIGet Rating) (TSE:AGI) by 11.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 308,289 shares of the basic materials company’s stock after selling 39,917 shares during the quarter. Raymond James & Associates’ holdings in Alamos Gold were worth $2,284,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AGI. Millennium Management LLC lifted its stake in Alamos Gold by 113.3% during the second quarter. Millennium Management LLC now owns 9,450,405 shares of the basic materials company’s stock worth $66,342,000 after purchasing an additional 5,019,569 shares during the last quarter. FMR LLC lifted its stake in Alamos Gold by 24.3% during the second quarter. FMR LLC now owns 4,411,128 shares of the basic materials company’s stock worth $30,945,000 after purchasing an additional 863,013 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Alamos Gold by 89.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,578,189 shares of the basic materials company’s stock worth $13,288,000 after purchasing an additional 743,233 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Alamos Gold by 6.7% during the first quarter. Renaissance Technologies LLC now owns 9,177,531 shares of the basic materials company’s stock worth $77,275,000 after purchasing an additional 579,511 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Alamos Gold by 675.4% during the second quarter. Principal Financial Group Inc. now owns 573,800 shares of the basic materials company’s stock worth $4,017,000 after purchasing an additional 499,800 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 equities research analysts have weighed in on the company. StockNews.com assumed coverage on Alamos Gold in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. CIBC boosted their price objective on Alamos Gold from C$15.00 to C$17.50 in a research note on Friday, January 13th. National Bank Financial boosted their price objective on Alamos Gold from C$15.00 to C$17.50 in a research note on Friday, January 13th. Scotiabank upgraded Alamos Gold from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $10.00 to $11.00 in a research note on Tuesday, November 22nd. Finally, TheStreet upgraded Alamos Gold from a “c+” rating to a “b-” rating in a research note on Friday, December 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.25.

Alamos Gold Trading Up 1.7 %

NYSE:AGI opened at $11.18 on Monday. The firm has a market cap of $4.40 billion, a P/E ratio of 139.77, a PEG ratio of 3.93 and a beta of 1.03. The stock’s 50 day simple moving average is $10.01 and its 200-day simple moving average is $8.42. Alamos Gold Inc. has a 12-month low of $6.35 and a 12-month high of $11.38.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last released its earnings results on Wednesday, October 26th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. Alamos Gold had a return on equity of 4.13% and a net margin of 3.28%. The business had revenue of $213.60 million for the quarter, compared to analyst estimates of $210.80 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts forecast that Alamos Gold Inc. will post 0.28 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Investors of record on Tuesday, December 6th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Monday, December 5th. Alamos Gold’s dividend payout ratio is presently 125.02%.

Alamos Gold Profile

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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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