Alamos Gold Inc. $AGI Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 106.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,935 shares of the basic materials company’s stock after acquiring an additional 16,956 shares during the period. Cetera Investment Advisers’ holdings in Alamos Gold were worth $874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in Alamos Gold in the second quarter worth about $30,000. Banque Transatlantique SA bought a new position in Alamos Gold during the 1st quarter worth approximately $31,000. SVB Wealth LLC acquired a new position in shares of Alamos Gold in the 1st quarter worth approximately $67,000. Bessemer Group Inc. bought a new stake in shares of Alamos Gold in the 2nd quarter valued at approximately $90,000. Finally, Kiker Wealth Management LLC increased its holdings in shares of Alamos Gold by 88.9% in the 2nd quarter. Kiker Wealth Management LLC now owns 6,665 shares of the basic materials company’s stock valued at $177,000 after acquiring an additional 3,137 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America raised their price objective on Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Desjardins began coverage on shares of Alamos Gold in a research note on Friday, November 28th. They set a “buy” rating on the stock. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $41.00.

Alamos Gold Trading Up 0.9%

Shares of NYSE:AGI opened at $36.14 on Friday. Alamos Gold Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $38.00. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.07. The company has a market cap of $15.20 billion, a PE ratio of 28.23, a P/E/G ratio of 0.50 and a beta of 0.63. The company’s 50-day moving average price is $33.62 and its 200 day moving average price is $29.75.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $462.30 million for the quarter, compared to analyst estimates of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. Alamos Gold’s revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 earnings per share. Sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, December 4th. Alamos Gold’s payout ratio is 7.81%.

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.