Raymond James Financial Services Advisors Inc. Purchases 30,365 Shares of Alamos Gold Inc. (NYSE:AGI)

Raymond James Financial Services Advisors Inc. lifted its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 44.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 99,290 shares of the basic materials company’s stock after purchasing an additional 30,365 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Alamos Gold were worth $1,337,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AGI. Advisor Group Holdings Inc. grew its holdings in shares of Alamos Gold by 5.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock worth $239,000 after purchasing an additional 1,432 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Alamos Gold by 56.4% in the 1st quarter. JPMorgan Chase & Co. now owns 535,028 shares of the basic materials company’s stock worth $4,505,000 after purchasing an additional 192,939 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Alamos Gold by 24.1% in the 1st quarter. Raymond James & Associates now owns 300,000 shares of the basic materials company’s stock worth $2,526,000 after purchasing an additional 58,298 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Alamos Gold by 9.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 61,429 shares of the basic materials company’s stock worth $517,000 after purchasing an additional 5,434 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Alamos Gold by 1,006.3% in the 1st quarter. Citigroup Inc. now owns 17,700 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 16,100 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Down 1.0 %

Alamos Gold stock opened at $15.21 on Friday. Alamos Gold Inc. has a 1 year low of $10.78 and a 1 year high of $16.01. The company has a market cap of $6.04 billion, a PE ratio of 28.70, a PEG ratio of 3.61 and a beta of 1.15. The company’s 50-day moving average is $13.18 and its two-hundred day moving average is $12.99.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Alamos Gold had a net margin of 20.52% and a return on equity of 7.30%. The company had revenue of $254.60 million for the quarter, compared to the consensus estimate of $257.47 million. During the same period in the prior year, the company posted $0.09 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. Research analysts forecast that Alamos Gold Inc. will post 0.69 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.66%. Alamos Gold’s payout ratio is presently 18.87%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. StockNews.com lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, April 6th. National Bank Financial reissued an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $12.00 to $16.00 in a report on Thursday, January 11th. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.75 to $27.25 in a report on Tuesday. Finally, Jefferies Financial Group assumed coverage on shares of Alamos Gold in a report on Thursday, February 29th. They set a “buy” rating and a $14.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.95.

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.