Quattro Financial Advisors LLC Acquires 24,595 Shares of Alamos Gold Inc. (NYSE:AGI)

Quattro Financial Advisors LLC raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 66.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 61,860 shares of the basic materials company’s stock after acquiring an additional 24,595 shares during the quarter. Quattro Financial Advisors LLC’s holdings in Alamos Gold were worth $1,241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC lifted its holdings in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after purchasing an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after buying an additional 891,255 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Alamos Gold by 79.3% during the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after acquiring an additional 2,149,915 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Alamos Gold by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock valued at $41,205,000 after acquiring an additional 38,913 shares during the last quarter. Finally, Addenda Capital Inc. bought a new stake in Alamos Gold in the 4th quarter worth approximately $34,869,000. Institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AGI shares. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $25.06.

Alamos Gold Stock Down 0.2 %

AGI opened at $22.21 on Friday. The firm’s 50 day simple moving average is $19.49 and its two-hundred day simple moving average is $19.25. The company has a market capitalization of $9.33 billion, a PE ratio of 37.01, a PEG ratio of 0.62 and a beta of 1.16. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $22.62. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The company had revenue of $360.90 million during the quarter. As a group, equities analysts forecast that Alamos Gold Inc. will post 0.81 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.45%. 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.