Accordant Advisory Group Inc Acquires Shares of 37,897 Alamos Gold Inc. (NYSE:AGI)

Accordant Advisory Group Inc purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,897 shares of the basic materials company’s stock, valued at approximately $699,000. Alamos Gold makes up approximately 0.7% of Accordant Advisory Group Inc’s holdings, making the stock its 25th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after purchasing an additional 2,148,153 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Alamos Gold by 19.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after acquiring an additional 891,255 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Alamos Gold by 79.3% in the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock worth $97,336,000 after acquiring an additional 2,149,915 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Alamos Gold by 1.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock worth $41,205,000 after acquiring an additional 38,913 shares during the last quarter. Finally, Addenda Capital Inc. purchased a new position in Alamos Gold during the fourth quarter worth approximately $34,869,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Trading Up 1.7 %

Shares of Alamos Gold stock opened at $20.49 on Wednesday. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45. The firm has a market cap of $8.61 billion, a PE ratio of 34.15, a P/E/G ratio of 0.59 and a beta of 1.15. The business’s fifty day moving average is $19.05 and its two-hundred day moving average is $19.05. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The firm had revenue of $360.90 million during the quarter. Analysts anticipate that Alamos Gold Inc. will post 0.81 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.49%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Jefferies Financial Group upped their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and an average price target of $25.06.

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.