HighTower Advisors LLC Has $554,000 Holdings in Alamos Gold Inc. (NYSE:AGI)

HighTower Advisors LLC trimmed its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 30.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,858 shares of the basic materials company’s stock after selling 12,458 shares during the period. HighTower Advisors LLC’s holdings in Alamos Gold were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Erste Asset Management GmbH bought a new stake in shares of Alamos Gold in the 3rd quarter valued at approximately $653,000. Verition Fund Management LLC bought a new stake in shares of Alamos Gold during the 3rd quarter worth $545,000. Captrust Financial Advisors boosted its holdings in Alamos Gold by 4.0% during the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 728 shares during the period. Capstone Investment Advisors LLC bought a new stake in Alamos Gold during the 3rd quarter valued at approximately $490,000. Finally, Bridgewater Associates LP grew its stake in shares of Alamos Gold by 37.0% in the third quarter. Bridgewater Associates LP now owns 139,191 shares of the basic materials company’s stock worth $2,775,000 after acquiring an additional 37,574 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Performance

AGI opened at $18.33 on Friday. The business’s 50-day moving average price is $19.38 and its two-hundred day moving average price is $18.45. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly 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). The company had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. Equities analysts expect that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.025 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.55%. Alamos Gold’s dividend payout ratio is 16.67%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AGI. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upped 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. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group increased their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $25.06.

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.