Accordant Advisory Group Inc Acquires New Position in Alamos Gold Inc. (NYSE:AGI)

Accordant Advisory Group Inc acquired a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 37,897 shares of the basic materials company's stock, valued at approximately $699,000. Alamos Gold comprises approximately 0.7% of Accordant Advisory Group Inc's portfolio, making the stock its 25th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGI. Natixis Advisors LLC increased its position in shares of Alamos Gold by 2.0% in the 3rd 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 during the period. Veracity Capital LLC increased its holdings in shares of Alamos Gold by 3.2% in the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock valued at $416,000 after purchasing an additional 694 shares during the period. Captrust Financial Advisors raised its stake in shares of Alamos Gold by 4.0% in the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company's stock worth $375,000 after purchasing an additional 728 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after purchasing an additional 856 shares during the period. Finally, Blue Trust Inc. boosted its position in Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after buying an additional 1,157 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

AGI has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a report on Friday, October 4th. StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. Finally, National Bank Financial raised Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alamos Gold currently has a consensus rating of "Buy" and an average price target of $25.06.

Alamos Gold Price Performance

Shares of Alamos Gold stock traded down $0.11 on Wednesday, hitting $20.37. The company's stock had a trading volume of 589,947 shares, compared to its average volume of 1,821,689. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 0.59 and a beta of 1.15. The firm has a fifty day moving average price of $19.09 and a 200-day moving average price of $19.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). The company had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. As a group, sell-side analysts anticipate that Alamos Gold Inc. will post 0.81 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold's dividend payout ratio is currently 16.67%.

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.