Alamos Gold Inc. (NYSE:AGI) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank increased its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 20.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 178,946 shares of the basic materials company’s stock after acquiring an additional 30,548 shares during the quarter. Toronto Dominion Bank’s holdings in Alamos Gold were worth $3,568,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AGI. Natixis Advisors LLC increased its position in shares of Alamos Gold by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after purchasing an additional 531 shares during the last quarter. Captrust Financial Advisors increased its holdings in Alamos Gold by 4.0% in the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after buying an additional 728 shares during the last quarter. Foundation Resource Management Inc. raised its stake in Alamos Gold by 3.0% during the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock valued at $826,000 after buying an additional 1,190 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Alamos Gold by 3.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company’s stock worth $609,000 after buying an additional 1,282 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Alamos Gold by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock worth $1,042,000 after acquiring an additional 1,654 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their target price on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Scotiabank increased their price target on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $25.06.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $19.11 on Monday. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average is $19.47 and its two-hundred day moving average is $18.40. The firm has a market capitalization of $8.03 billion, a P/E ratio of 31.85, a PEG ratio of 0.93 and a beta of 1.15. 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 earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The business had revenue of $360.90 million during the quarter. Analysts anticipate that Alamos Gold Inc. will post 0.77 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.52%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s payout ratio is currently 16.67%.

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.