IFP Advisors Inc Grows Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

IFP Advisors Inc grew its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,706 shares of the basic materials company's stock after purchasing an additional 17,171 shares during the quarter. IFP Advisors Inc's holdings in Alamos Gold were worth $2,207,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. Hara Capital LLC purchased a new position in Alamos Gold in the 3rd quarter worth approximately $47,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Alamos Gold by 51.8% in the 4th 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 in the last quarter. R Squared Ltd acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $61,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Alamos Gold during the 3rd quarter worth approximately $147,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Alamos Gold Stock Up 0.9 %

Shares of NYSE:AGI traded up $0.20 during trading on Friday, hitting $22.83. The company's stock had a trading volume of 2,461,956 shares, compared to its average volume of 2,271,396. The business has a 50 day moving average price of $20.67 and a two-hundred day moving average price of $19.89. The company has a market capitalization of $9.60 billion, a PE ratio of 33.08, a P/E/G ratio of 0.40 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $24.27.

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

Alamos Gold Announces Dividend

The firm also recently declared 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 dividend yield of 0.44%. Alamos Gold's dividend payout ratio (DPR) is 14.49%.

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.