Alamos Gold Inc. (NYSE:AGI) Stock Holdings Lifted by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. raised its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 192,770 shares of the basic materials company’s stock after buying an additional 3,650 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Alamos Gold were worth $2,597,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AGI. Anchor Investment Management LLC acquired a new position in Alamos Gold in the fourth quarter worth approximately $27,000. Fifth Third Bancorp acquired a new position in shares of Alamos Gold during the 4th quarter worth $96,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Alamos Gold by 14.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the basic materials company’s stock worth $140,000 after purchasing an additional 1,596 shares during the last quarter. Keybank National Association OH raised its holdings in shares of Alamos Gold by 32.4% during the 3rd quarter. Keybank National Association OH now owns 14,859 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 3,634 shares in the last quarter. Finally, Mcrae Capital Management Inc. acquired a new stake in shares of Alamos Gold in the 4th quarter valued at $174,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Stock Down 4.7 %

Alamos Gold stock traded down $0.73 during trading hours on Tuesday, hitting $14.71. The stock had a trading volume of 2,571,373 shares, compared to its average volume of 2,619,035. Alamos Gold Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $16.01. The company has a market cap of $5.85 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 3.81 and a beta of 1.15. The company has a 50-day moving average of $13.87 and a two-hundred day moving average of $13.29.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The firm had revenue of $277.60 million for the quarter, compared to the consensus estimate of $271.15 million. Alamos Gold had a net margin of 19.41% and a return on equity of 7.38%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 earnings per share. As a group, analysts forecast that Alamos Gold Inc. will post 0.66 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s payout ratio is 19.23%.

Analyst Ratings Changes

Several research firms have weighed in on AGI. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and raised their target price for the company from $21.75 to $27.25 in a report on Tuesday, April 9th. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Jefferies Financial Group increased their price target on Alamos Gold from $14.00 to $18.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada raised their price target on Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.15.

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.