Moors & Cabot Inc. Has $1.27 Million Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Moors & Cabot Inc. reduced its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 15.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 63,804 shares of the basic materials company’s stock after selling 11,749 shares during the period. Moors & Cabot Inc.’s holdings in Alamos Gold were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Hara Capital LLC bought a new stake in Alamos Gold in the 3rd quarter valued at $47,000. Baldwin Brothers LLC MA bought a new stake in shares of Alamos Gold in the second quarter valued at about $47,000. Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold in the second quarter valued at about $48,000. Eastern Bank bought a new position in Alamos Gold during the third quarter worth about $111,000. Finally, Employees Retirement System of Texas bought a new position in Alamos Gold during the second quarter worth about $88,000. 64.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Alamos Gold Price Performance

AGI stock opened at $18.85 on Friday. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45. The company has a market capitalization of $7.92 billion, a P/E ratio of 31.19, a PEG ratio of 0.85 and a beta of 1.19. The company has a fifty day moving average price of $19.90 and a 200-day moving average price of $18.06. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. As a group, equities analysts expect that Alamos Gold Inc. will post 0.76 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

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.