Blair William & Co. IL Has $281,000 Stake in Alamos Gold Inc. (NYSE:AGI)

Blair William & Co. IL trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,906 shares of the basic materials company’s stock after selling 1,500 shares during the quarter. Blair William & Co. IL’s holdings in Alamos Gold were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Baldwin Brothers LLC MA bought a new stake in Alamos Gold during the second quarter worth approximately $47,000. Daiwa Securities Group Inc. bought a new stake in Alamos Gold during the second quarter worth approximately $48,000. St. Johns Investment Management Company LLC bought a new stake in Alamos Gold during the first quarter worth approximately $115,000. Coppell Advisory Solutions Corp. bought a new stake in Alamos Gold during the first quarter worth approximately $203,000. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Alamos Gold by 18.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 2,141 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Down 2.3 %

Shares of NYSE AGI opened at $19.97 on Friday. The business has a fifty day simple moving average of $18.69 and a 200 day simple moving average of $16.63. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 0.90 and a beta of 1.18. Alamos Gold Inc. has a one year low of $10.78 and a one year high of $21.42.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. Alamos Gold’s revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. On average, research analysts anticipate that Alamos Gold Inc. will post 0.75 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.50%. Alamos Gold’s dividend payout ratio is currently 19.23%.

Analysts Set New Price Targets

AGI has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price target on Alamos Gold from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, September 13th. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Royal Bank of Canada upped their price target on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, Scotiabank upped their price target on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.81.

Alamos Gold Company 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.