Janney Montgomery Scott LLC Lowers Stock Position in Alamos Gold Inc. (NYSE:AGI)

Janney Montgomery Scott LLC trimmed its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,599 shares of the basic materials company’s stock after selling 3,679 shares during the period. Janney Montgomery Scott LLC’s holdings in Alamos Gold were worth $269,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Creative Planning raised its position in Alamos Gold by 122.2% in the third quarter. Creative Planning now owns 27,476 shares of the basic materials company’s stock worth $548,000 after acquiring an additional 15,113 shares in the last quarter. Generate Investment Management Ltd acquired a new position in shares of Alamos Gold during the 3rd quarter worth $7,395,000. Veracity Capital LLC increased its holdings in shares of Alamos Gold by 15.6% in the 3rd quarter. Veracity Capital LLC now owns 21,875 shares of the basic materials company’s stock valued at $436,000 after purchasing an additional 2,949 shares in the last quarter. Pure Portfolios Holdings LLC acquired a new stake in shares of Alamos Gold in the third quarter valued at about $458,000. Finally, U S Global Investors Inc. boosted its holdings in Alamos Gold by 27.4% during the third quarter. U S Global Investors Inc. now owns 318,500 shares of the basic materials company’s stock worth $6,351,000 after buying an additional 68,500 shares in the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Down 1.4 %

Shares of NYSE AGI opened at $22.49 on Wednesday. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $23.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm’s 50-day moving average is $19.64 and its two-hundred day moving average is $19.36. The company has a market capitalization of $9.45 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.44%. Alamos Gold’s dividend payout ratio (DPR) is 16.67%.

Analysts Set New Price Targets

AGI has been the subject of a number of research analyst reports. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their target price on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $26.06.

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.