Moors & Cabot Inc. Cuts Position in Alamos Gold Inc. (NYSE:AGI)

Moors & Cabot Inc. lessened its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 15.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,804 shares of the basic materials company’s stock after selling 11,749 shares during the quarter. Moors & Cabot Inc.’s holdings in Alamos Gold were worth $1,272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AGI. Connor Clark & Lunn Investment Management Ltd. lifted its position 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 acquiring an additional 891,255 shares during the period. Swiss National Bank boosted its stake in shares of Alamos Gold by 4.9% in the third quarter. Swiss National Bank now owns 825,036 shares of the basic materials company’s stock worth $16,467,000 after buying an additional 38,600 shares during the last quarter. Chesapeake Capital Corp IL grew its holdings in Alamos Gold by 28.7% during the third quarter. Chesapeake Capital Corp IL now owns 20,395 shares of the basic materials company’s stock worth $407,000 after acquiring an additional 4,545 shares during the period. Natixis Advisors LLC raised its position in Alamos Gold by 2.0% during the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock valued at $552,000 after acquiring an additional 531 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Alamos Gold by 79.3% in the third 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. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 0.7 %

Alamos Gold stock opened at $18.85 on Friday. Alamos Gold Inc. has a twelve month low of $11.24 and a twelve month high of $21.45. The stock’s fifty day simple moving average is $19.90 and its 200-day simple moving average is $18.06. 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 capitalization of $7.92 billion, a P/E ratio of 31.19, a P/E/G ratio of 0.85 and a beta of 1.19.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data 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 return on equity of 8.85% and a net margin of 19.89%. As a group, equities analysts expect that Alamos Gold Inc. will post 0.76 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.53%. Alamos Gold’s payout ratio is 16.67%.

Analyst Upgrades and Downgrades

AGI has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada raised their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Scotiabank lifted their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Alamos Gold presently has an average rating of “Moderate Buy” and a consensus price target of $25.06.

Alamos Gold 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.