Brown Advisory Inc. Boosts Stock Position in Alamos Gold Inc. (NYSE:AGI)

Brown Advisory Inc. increased its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,782 shares of the basic materials company’s stock after buying an additional 1,000 shares during the period. Brown Advisory Inc.’s holdings in Alamos Gold were worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AGI. Vanguard Group Inc. increased its position in shares of Alamos Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company’s stock valued at $295,105,000 after acquiring an additional 279,280 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Alamos Gold during the 1st quarter valued at $320,000. Goehring & Rozencwajg Associates LLC raised its position in shares of Alamos Gold by 2.3% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,223,257 shares of the basic materials company’s stock valued at $31,915,000 after purchasing an additional 27,032 shares during the period. Deutsche Bank AG raised its position in shares of Alamos Gold by 5.3% during the 4th quarter. Deutsche Bank AG now owns 171,943 shares of the basic materials company’s stock valued at $3,171,000 after purchasing an additional 8,681 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Alamos Gold in the 1st quarter worth $222,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Trading Down 0.9%

NYSE AGI opened at $26.30 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. The firm’s fifty day moving average price is $26.34 and its 200 day moving average price is $24.68. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 42.41, a price-to-earnings-growth ratio of 0.56 and a beta of 0.54. Alamos Gold Inc. has a 12 month low of $15.74 and a 12 month high of $31.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The business had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. On average, sell-side analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold’s dividend payout ratio is currently 16.13%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AGI shares. Stifel Nicolaus assumed coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They set a “buy” rating on the stock. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Bank of America lowered their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Royal Bank Of Canada boosted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Finally, National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $30.38.

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.