Bay Colony Advisory Group Inc d b a Bay Colony Advisors Raises Stake in Alamos Gold Inc. (NYSE:AGI)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 16.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,833 shares of the basic materials company’s stock after acquiring an additional 6,458 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Alamos Gold were worth $827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AGI. CIBC Asset Management Inc increased its position in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after acquiring an additional 2,867,027 shares during the period. FMR LLC grew its stake in Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after purchasing an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Alamos Gold by 19.1% during 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 purchasing an additional 891,255 shares during the period. The Manufacturers Life Insurance Company raised its position in 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 purchasing an additional 38,913 shares in the last quarter. Finally, Addenda Capital Inc. purchased a new stake in shares of Alamos Gold in the 4th quarter worth $34,869,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Down 0.1 %

AGI opened at $23.87 on Friday. Alamos Gold Inc. has a 12 month low of $13.06 and a 12 month high of $24.59. The stock has a fifty day moving average price of $21.21 and a 200-day moving average price of $20.05. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 0.40 and a beta of 1.16. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. As a group, equities research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.42%. Alamos Gold’s dividend payout ratio (DPR) is 14.49%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AGI. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada raised their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $26.06.

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.