Pekin Hardy Strauss Inc. Grows Stake in Alamos Gold Inc. (NYSE:AGI)

Pekin Hardy Strauss Inc. lifted its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,841 shares of the basic materials company’s stock after buying an additional 9,825 shares during the period. Pekin Hardy Strauss Inc. owned approximately 0.05% of Alamos Gold worth $4,486,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Baldwin Brothers LLC MA purchased a new position in Alamos Gold in the 2nd quarter worth approximately $47,000. Hara Capital LLC acquired a new position in shares of Alamos Gold during the third quarter worth $47,000. Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold in the second quarter valued at $48,000. Employees Retirement System of Texas acquired a new stake in Alamos Gold during the 2nd quarter valued at $88,000. Finally, Eastern Bank acquired a new stake in Alamos Gold during the 3rd quarter valued at $111,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Up 0.1 %

Shares of NYSE AGI opened at $18.87 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $19.84 and its two-hundred day moving average price is $18.11. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45. The stock has a market capitalization of $7.93 billion, a P/E ratio of 31.45, a PEG ratio of 0.85 and a beta of 1.19.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. On average, analysts anticipate that Alamos Gold Inc. will post 0.76 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. Alamos Gold’s payout ratio is currently 16.67%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AGI shares. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Scotiabank raised their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada increased their target price on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group raised their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.06.

Alamos Gold Company Profile

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.