Knoll Capital Management LLC Has $818,000 Stake in Alamos Gold Inc. (NYSE:AGI)

Knoll Capital Management LLC lowered its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 48.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,000 shares of the basic materials company's stock after selling 39,000 shares during the period. Alamos Gold accounts for 0.4% of Knoll Capital Management LLC's holdings, making the stock its 29th largest holding. Knoll Capital Management LLC's holdings in Alamos Gold were worth $818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC grew its stake in shares of Alamos Gold by 2.0% in the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company's stock worth $552,000 after purchasing an additional 531 shares during the last quarter. Captrust Financial Advisors increased 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 valued at $375,000 after buying an additional 728 shares during the period. Foundation Resource Management Inc. raised its position in shares of Alamos Gold by 3.0% during the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company's stock worth $826,000 after acquiring an additional 1,190 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Alamos Gold by 3.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company's stock worth $609,000 after acquiring an additional 1,282 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in Alamos Gold by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company's stock valued at $1,042,000 after acquiring an additional 1,654 shares during the last quarter. Institutional investors own 64.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AGI shares. StockNews.com lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. National Bank Financial lowered shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 8th. Royal Bank of Canada increased their price target on Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Scotiabank boosted their price objective on 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, Jefferies Financial Group upped their target price on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Alamos Gold has an average rating of "Moderate Buy" and an average target price of $25.06.

Alamos Gold Stock Up 2.0 %

Shares of NYSE AGI traded up $0.37 during trading on Friday, hitting $18.82. 1,166,108 shares of the company traded hands, compared to its average volume of 2,361,902. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 31.37, a P/E/G ratio of 0.74 and a beta of 1.19. The business's fifty day moving average is $19.64 and its 200 day moving average is $18.21. 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 fifty-two week low of $11.24 and a fifty-two week high of $21.45.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities research analysts predict that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is 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.