Moors & Cabot Inc. Has $1.05 Million Holdings in Alamos Gold Inc. (NYSE:AGI)

Moors & Cabot Inc. reduced its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 11.0% during the 4th quarter, Holdings Channel reports. The fund owned 56,805 shares of the basic materials company’s stock after selling 6,999 shares during the quarter. Moors & Cabot Inc.’s holdings in Alamos Gold were worth $1,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after buying an additional 2,867,027 shares in the last quarter. FMR LLC lifted its holdings in Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Alamos Gold by 19.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after buying an additional 891,255 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Alamos Gold by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock worth $41,205,000 after buying an additional 38,913 shares in the last quarter. Finally, Addenda Capital Inc. acquired a new position in Alamos Gold during the 4th quarter worth $34,869,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

AGI stock opened at $24.91 on Friday. The business’s fifty day moving average is $21.65 and its 200-day moving average is $20.18. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company has a market cap of $10.47 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a twelve month low of $13.06 and a twelve month high of $25.31.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold’s dividend payout ratio is currently 14.49%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AGI shares. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada upped their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $26.06.

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.