Janney Montgomery Scott LLC Has $220,000 Stock Holdings in Alamos Gold Inc. $AGI

Janney Montgomery Scott LLC lessened its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 12.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,301 shares of the basic materials company’s stock after selling 1,154 shares during the period. Janney Montgomery Scott LLC’s holdings in Alamos Gold were worth $220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Banque Transatlantique SA acquired a new stake in shares of Alamos Gold in the first quarter worth $31,000. Sunbelt Securities Inc. acquired a new stake in Alamos Gold during the first quarter valued at $41,000. SBI Securities Co. Ltd. boosted its position in Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 660 shares during the last quarter. SVB Wealth LLC acquired a new stake in Alamos Gold during the first quarter valued at $67,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Alamos Gold during the first quarter valued at $68,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $35.19 on Tuesday. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $37.54. The business has a 50-day moving average of $31.78 and a two-hundred day moving average of $28.38. The stock has a market capitalization of $14.80 billion, a P/E ratio of 42.40, a P/E/G ratio of 0.55 and a beta of 0.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The company had revenue of $438.20 million during the quarter, compared to analysts’ expectations of $400.61 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were paid a $0.025 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold’s payout ratio is presently 12.05%.

Wall Street Analysts Forecast Growth

AGI has been the subject of a number of research reports. Stifel Canada raised Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. Bank of America lifted their price objective on Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Alamos Gold in a research report on Wednesday, October 8th. Finally, CIBC reissued an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Three analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and a consensus target price of $35.33.

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.