Sigma Planning Corp Has $1.05 Million Holdings in Alamos Gold Inc. $AGI

Sigma Planning Corp raised its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 19.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,540 shares of the basic materials company’s stock after purchasing an additional 6,456 shares during the quarter. Sigma Planning Corp’s holdings in Alamos Gold were worth $1,050,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Addenda Capital Inc. grew its holdings in shares of Alamos Gold by 12.3% during the second quarter. Addenda Capital Inc. now owns 1,944,928 shares of the basic materials company’s stock worth $51,657,000 after buying an additional 212,918 shares in the last quarter. Calamos Wealth Management LLC acquired a new position in Alamos Gold during the 2nd quarter worth approximately $3,070,000. Y Intercept Hong Kong Ltd acquired a new position in Alamos Gold during the 2nd quarter worth approximately $1,502,000. Montrusco Bolton Investments Inc. bought a new position in shares of Alamos Gold during the 2nd quarter worth approximately $10,664,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of Alamos Gold in the second quarter valued at approximately $717,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Performance

Shares of AGI stock opened at $30.42 on Friday. The company has a fifty day moving average price of $32.80 and a two-hundred day moving average price of $28.69. Alamos Gold Inc. has a one year low of $17.42 and a one year high of $37.54. The stock has a market cap of $12.80 billion, a P/E ratio of 23.77, a P/E/G ratio of 0.50 and a beta of 0.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.69%. The company had revenue of $462.30 million for the quarter, compared to analysts’ expectations of $490.96 million. During the same period in the prior year, the firm earned $0.19 EPS. Alamos Gold’s quarterly revenue was up 28.1% compared to the same quarter last year. As a group, equities analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 11th. Alamos Gold’s dividend payout ratio (DPR) is presently 7.81%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AGI shares. National Bankshares restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. Wall Street Zen upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Bank of America raised their price objective on Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 16th. TD Securities reiterated a “buy” rating on shares of Alamos Gold in a report on Monday. Finally, Zacks Research cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $41.00.

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.