Private Advisor Group LLC Sells 3,254 Shares of Alamos Gold Inc. (NYSE:AGI)

Private Advisor Group LLC trimmed its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 14.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,967 shares of the basic materials company’s stock after selling 3,254 shares during the period. Private Advisor Group LLC’s holdings in Alamos Gold were worth $378,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in shares of Alamos Gold by 147.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after buying an additional 4,521,282 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Alamos Gold by 71.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock worth $97,183,000 after purchasing an additional 2,756,759 shares during the period. CIBC Asset Management Inc increased its stake in shares of Alamos Gold by 311.9% during the second quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company’s stock valued at $42,480,000 after purchasing an additional 2,051,935 shares in the last quarter. Triasima Portfolio Management inc. boosted its position in shares of Alamos Gold by 328.2% in the 2nd quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company’s stock worth $21,779,000 after purchasing an additional 1,064,629 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Alamos Gold by 31.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock worth $68,576,000 after purchasing an additional 1,058,000 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

AGI opened at $20.17 on Wednesday. The company’s 50-day simple moving average is $19.95 and its two-hundred day simple moving average is $17.81. The stock has a market capitalization of $8.47 billion, a P/E ratio of 40.33, a P/E/G ratio of 0.88 and a beta of 1.19. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.50%. Alamos Gold’s dividend payout ratio (DPR) is 20.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AGI. Scotiabank lifted their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group upped their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, National Bank Financial lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Alamos Gold currently has an average rating of “Moderate Buy” and an average target price of $25.06.

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.