Cerity Partners LLC Grows Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Cerity Partners LLC lifted its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 101.5% in the third quarter, Holdings Channel.com reports. The firm owned 23,173 shares of the basic materials company’s stock after purchasing an additional 11,674 shares during the quarter. Cerity Partners LLC’s holdings in Alamos Gold were worth $462,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Hara Capital LLC bought a new stake in Alamos Gold in the 3rd quarter worth approximately $47,000. Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold during the second quarter worth approximately $48,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold in the 2nd quarter worth approximately $88,000. Eastern Bank purchased a new stake in shares of Alamos Gold in the 3rd quarter valued at $111,000. Finally, Plato Investment Management Ltd bought a new position in shares of Alamos Gold during the 3rd quarter valued at $147,000. 64.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AGI has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group boosted their target price on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Scotiabank lifted their price target on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $25.06.

Alamos Gold Stock Performance

Alamos Gold stock opened at $19.06 on Monday. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The firm has a market cap of $8.01 billion, a P/E ratio of 31.77, a P/E/G ratio of 0.89 and a beta of 1.15. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $21.45. The firm has a 50-day moving average of $19.50 and a 200-day moving average of $18.31.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. Sell-side analysts expect that Alamos Gold Inc. will post 0.77 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s payout ratio is currently 16.67%.

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 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.