Moors & Cabot Inc. Has $1.30 Million Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Moors & Cabot Inc. trimmed its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 14.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,751 shares of the basic materials company’s stock after selling 8,054 shares during the period. Moors & Cabot Inc.’s holdings in Alamos Gold were worth $1,304,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AGI. Sunbelt Securities Inc. acquired a new stake in shares of Alamos Gold in the 1st quarter valued at approximately $41,000. SBI Securities Co. Ltd. raised its holdings in Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after buying an additional 660 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Alamos Gold during the 1st quarter worth approximately $68,000. Cutler Capital Management LLC acquired a new stake in Alamos Gold during the 4th quarter worth approximately $108,000. Finally, Coppell Advisory Solutions LLC raised its holdings in Alamos Gold by 14.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company’s stock worth $181,000 after buying an additional 1,260 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stifel Canada upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 8th. Bank of America dropped their target price on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. CIBC restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 15th. Stifel Nicolaus assumed coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They set a “buy” rating on the stock. Finally, Wall Street Zen upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $30.38.

Alamos Gold Price Performance

Shares of AGI opened at $24.82 on Friday. The stock has a market capitalization of $10.43 billion, a P/E ratio of 29.90, a P/E/G ratio of 0.55 and a beta of 0.51. Alamos Gold Inc. has a twelve month low of $15.74 and a twelve month high of $31.00. The company has a 50 day moving average of $26.33 and a 200-day moving average of $25.27. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $438.20 million during the quarter, compared to analysts’ expectations of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.81%. The business’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. As a group, equities research analysts forecast 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 was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold’s dividend payout ratio (DPR) is currently 12.05%.

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.