HighTower Advisors LLC Sells 12,458 Shares of Alamos Gold Inc. (NYSE:AGI)

HighTower Advisors LLC lessened its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 30.9% during the third quarter, HoldingsChannel.com reports. The firm owned 27,858 shares of the basic materials company’s stock after selling 12,458 shares during the quarter. HighTower Advisors LLC’s holdings in Alamos Gold were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in AGI. Raymond James & Associates raised its position in shares of Alamos Gold by 1.6% in the 2nd quarter. Raymond James & Associates now owns 317,959 shares of the basic materials company’s stock valued at $4,986,000 after buying an additional 5,075 shares in the last quarter. Easterly Investment Partners LLC boosted its stake in shares of Alamos Gold by 0.6% in the 2nd quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company’s stock valued at $4,358,000 after purchasing an additional 1,673 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Alamos Gold by 31.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock valued at $68,576,000 after purchasing an additional 1,058,000 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Alamos Gold during the second quarter worth $15,921,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Alamos Gold by 73.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 100,688 shares of the basic materials company’s stock valued at $1,579,000 after acquiring an additional 42,737 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Up 1.2 %

NYSE:AGI opened at $18.33 on Friday. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The firm has a 50-day moving average price of $19.38 and a two-hundred day moving average price of $18.45. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The company had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. On average, equities analysts expect that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.55%. Alamos Gold’s payout ratio is 16.67%.

Wall Street Analysts Forecast Growth

AGI has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group upped their target price on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $25.06.

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.