Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 2,476 Shares of Alamos Gold Inc. (NYSE:AGI)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lowered its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,357 shares of the basic materials company’s stock after selling 2,476 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Alamos Gold were worth $1,125,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Cumberland Partners Ltd raised its holdings in shares of Alamos Gold by 0.6% in the fourth quarter. Cumberland Partners Ltd now owns 277,000 shares of the basic materials company’s stock valued at $5,108,000 after purchasing an additional 1,600 shares during the last quarter. Legacy Capital Group California Inc. increased its stake in shares of Alamos Gold by 65.9% during the 4th quarter. Legacy Capital Group California Inc. now owns 17,538 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 6,966 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Alamos Gold by 47.5% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 176,795 shares of the basic materials company’s stock worth $3,260,000 after purchasing an additional 56,898 shares during the period. Navellier & Associates Inc. lifted its stake in Alamos Gold by 14.4% in the fourth quarter. Navellier & Associates Inc. now owns 178,048 shares of the basic materials company’s stock valued at $3,283,000 after purchasing an additional 22,355 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. lifted its stake in Alamos Gold by 6.3% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 239,041 shares of the basic materials company’s stock valued at $4,408,000 after purchasing an additional 14,200 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Down 0.4%

NYSE AGI opened at $26.72 on Thursday. Alamos Gold Inc. has a 1 year low of $15.35 and a 1 year high of $31.00. The stock has a market capitalization of $11.23 billion, a PE ratio of 43.10, a PEG ratio of 0.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. The business’s 50-day moving average is $27.00 and its 200 day moving average is $23.65.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The company had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $324.98 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. Sell-side analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, June 12th. Alamos Gold’s dividend payout ratio is currently 16.13%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AGI shares. Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Monday, April 14th. Bank of America decreased their price target on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Royal Bank Of Canada lifted their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Finally, National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.38.

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.