Alamos Gold Inc. $AGI Position Increased by Alps Advisors Inc.

Alps Advisors Inc. boosted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 35.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,436 shares of the basic materials company’s stock after acquiring an additional 24,223 shares during the quarter. Alps Advisors Inc.’s holdings in Alamos Gold were worth $3,222,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AGI. SBI Securities Co. Ltd. raised its stake in shares of Alamos Gold by 2,652.7% in the third quarter. SBI Securities Co. Ltd. now owns 55,411 shares of the basic materials company’s stock valued at $1,932,000 after acquiring an additional 53,398 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Alamos Gold by 6.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 107,182 shares of the basic materials company’s stock worth $3,736,000 after acquiring an additional 6,366 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Alamos Gold by 0.3% in the third quarter. Allianz Asset Management GmbH now owns 197,376 shares of the basic materials company’s stock valued at $6,881,000 after purchasing an additional 543 shares in the last quarter. Keybank National Association OH raised its position in Alamos Gold by 9.8% in the third quarter. Keybank National Association OH now owns 12,861 shares of the basic materials company’s stock valued at $448,000 after purchasing an additional 1,148 shares during the last quarter. Finally, Arizona State Retirement System bought a new position in Alamos Gold during the 3rd quarter worth approximately $257,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on AGI. Bank of America increased their price target on Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Scotiabank boosted their target price on Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $49.00 price target on shares of Alamos Gold in a research report on Sunday, December 7th. Finally, Zacks Research downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $45.50.

Alamos Gold Stock Performance

NYSE:AGI opened at $43.87 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.72. The stock has a 50-day simple moving average of $39.60 and a two-hundred day simple moving average of $34.24. The firm has a market capitalization of $18.42 billion, a PE ratio of 34.27, a P/E/G ratio of 0.34 and a beta of 0.61. Alamos Gold Inc. has a 52-week low of $22.03 and a 52-week high of $45.18.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, December 4th. Alamos Gold’s dividend payout ratio (DPR) is 7.81%.

About Alamos Gold

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.