IFP Advisors Inc Has $2.21 Million Holdings in Alamos Gold Inc. (NYSE:AGI)

IFP Advisors Inc raised its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 16.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 119,706 shares of the basic materials company’s stock after purchasing an additional 17,171 shares during the quarter. IFP Advisors Inc’s holdings in Alamos Gold were worth $2,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AGI. Blue Trust Inc. increased its position in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 856 shares during the period. Hara Capital LLC acquired a new stake in Alamos Gold during the 3rd quarter valued at approximately $47,000. R Squared Ltd acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $61,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Alamos Gold during the 3rd quarter worth approximately $147,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of AGI opened at $23.15 on Wednesday. Alamos Gold Inc. has a 12-month low of $11.36 and a 12-month high of $24.27. The business’s fifty day moving average is $20.30 and its 200 day moving average is $19.77. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The stock has a market cap of $9.73 billion, a P/E ratio of 33.55, a P/E/G ratio of 0.40 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AGI. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Alamos Gold currently has an average rating of “Buy” and a consensus 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.