Alamos Gold Inc. (NYSE:AGI) Stock Holdings Lifted by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,959 shares of the basic materials company’s stock after acquiring an additional 5,075 shares during the quarter. Raymond James & Associates’ holdings in Alamos Gold were worth $4,986,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Baldwin Brothers LLC MA purchased a new stake in shares of Alamos Gold during the second quarter valued at $47,000. AJOVista LLC acquired a new stake in Alamos Gold during the 4th quarter worth about $83,000. Venturi Wealth Management LLC lifted its stake in Alamos Gold by 20.7% during the first quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock valued at $103,000 after buying an additional 1,200 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new position in shares of Alamos Gold in the first quarter worth about $115,000. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of Alamos Gold in the first quarter worth about $203,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Alamos Gold from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Scotiabank boosted their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.06.

Alamos Gold Stock Performance

AGI stock opened at $19.16 on Friday. The stock has a market cap of $7.65 billion, a P/E ratio of 36.85, a P/E/G ratio of 0.78 and a beta of 1.16. The firm has a 50 day simple moving average of $17.40 and a 200 day simple moving average of $15.58. Alamos Gold Inc. has a 52 week low of $10.78 and a 52 week high of $20.24.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. Alamos Gold had a net margin of 17.73% and a return on equity of 8.63%. The business had revenue of $332.60 million for the quarter, compared to analysts’ expectations of $282.78 million. During the same period in the previous year, the company posted $0.15 EPS. Alamos Gold’s revenue was up 27.4% on a year-over-year basis. Sell-side analysts predict that Alamos Gold Inc. will post 0.72 EPS for the current year.

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.