87,167 Shares in Alamos Gold Inc. (NYSE:AGI) Acquired by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT bought a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 87,167 shares of the basic materials company’s stock, valued at approximately $1,367,000.

Other institutional investors have also added to or reduced their stakes in the company. Cheviot Value Management LLC grew its stake in shares of Alamos Gold by 2.0% during the 4th quarter. Cheviot Value Management LLC now owns 51,927 shares of the basic materials company’s stock valued at $699,000 after acquiring an additional 1,000 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Alamos Gold by 3.4% in the second 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 purchasing an additional 1,282 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Alamos Gold by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock worth $1,042,000 after purchasing an additional 1,654 shares during the period. Easterly Investment Partners LLC increased its stake in shares of Alamos Gold by 0.6% in the second quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company’s stock worth $4,358,000 after purchasing an additional 1,673 shares in the last quarter. Finally, Baldwin Brothers LLC MA bought a new stake in shares of Alamos Gold during the 2nd quarter valued at $47,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Performance

NYSE AGI opened at $20.30 on Friday. The stock has a 50 day moving average price of $18.36 and a 200-day moving average price of $16.37. Alamos Gold Inc. has a one year low of $10.78 and a one year high of $21.14. The company has a market capitalization of $8.10 billion, a P/E ratio of 39.04, a P/E/G ratio of 0.82 and a beta of 1.18.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The business had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. During the same quarter last year, the business earned $0.15 earnings per share. Alamos Gold’s quarterly revenue was up 27.4% compared to the same quarter last year. As a group, equities analysts predict that Alamos Gold Inc. will post 0.75 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a $0.025 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.49%. Alamos Gold’s dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

AGI has been the subject of several recent analyst reports. Scotiabank upped their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Royal Bank of Canada boosted their price target on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group increased their price objective on shares of Alamos Gold from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, National Bank Financial downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.81.

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.