Bay Colony Advisory Group Inc d b a Bay Colony Advisors Raises Stock Position in Alamos Gold Inc. (NYSE:AGI)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,816 shares of the basic materials company’s stock after purchasing an additional 1,282 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Alamos Gold were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AGI. Norges Bank purchased a new position in shares of Alamos Gold during the 4th quarter valued at approximately $64,117,000. Van ECK Associates Corp increased its holdings in Alamos Gold by 8.3% in the first quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company’s stock valued at $772,863,000 after buying an additional 4,009,220 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Alamos Gold by 71.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock worth $97,183,000 after acquiring an additional 2,756,759 shares in the last quarter. Fiera Capital Corp grew its position in shares of Alamos Gold by 3,490.2% during the 4th quarter. Fiera Capital Corp now owns 1,213,495 shares of the basic materials company’s stock valued at $16,373,000 after acquiring an additional 1,179,695 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Alamos Gold by 396.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,426,474 shares of the basic materials company’s stock worth $19,215,000 after purchasing an additional 1,139,404 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Performance

Shares of AGI traded up $0.12 during trading hours on Friday, hitting $19.58. 903,983 shares of the stock were exchanged, compared to its average volume of 2,308,875. The stock’s 50-day moving average price is $17.01 and its two-hundred day moving average price is $15.33. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 0.78 and a beta of 1.16. Alamos Gold Inc. has a 12-month low of $10.78 and a 12-month high of $20.24.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $332.60 million during the quarter, compared to analysts’ expectations of $282.78 million. Alamos Gold had a net margin of 17.73% and a return on equity of 8.63%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. On average, research analysts expect that Alamos Gold Inc. will post 0.72 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Thursday, June 13th. Alamos Gold’s dividend payout ratio (DPR) is 19.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AGI shares. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Jefferies Financial Group upped their price objective on shares of Alamos Gold from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Scotiabank increased their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Alamos Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.06.

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.