Alamos Gold Inc. $AGI Shares Purchased by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 11.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,305 shares of the basic materials company’s stock after acquiring an additional 4,948 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Alamos Gold were worth $1,256,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its holdings in Alamos Gold by 150.5% in the second quarter. Jennison Associates LLC now owns 790,525 shares of the basic materials company’s stock valued at $20,996,000 after acquiring an additional 474,974 shares during the last quarter. General American Investors Co. Inc. lifted its holdings in Alamos Gold by 5.6% in the second quarter. General American Investors Co. Inc. now owns 472,438 shares of the basic materials company’s stock valued at $12,548,000 after acquiring an additional 25,000 shares during the last quarter. Petra Financial Advisors Inc. acquired a new position in Alamos Gold in the second quarter valued at approximately $592,000. Y Intercept Hong Kong Ltd acquired a new position in Alamos Gold in the second quarter valued at approximately $1,502,000. Finally, Bessemer Group Inc. acquired a new position in Alamos Gold in the second quarter valued at approximately $90,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AGI. Stifel Nicolaus began coverage on Alamos Gold in a research report on Wednesday, July 9th. They issued a “buy” rating on the stock. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. Zacks Research raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Finally, Wall Street Zen raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Three research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $41.00.

Alamos Gold Stock Performance

NYSE:AGI opened at $31.05 on Friday. Alamos Gold Inc. has a 12 month low of $17.42 and a 12 month high of $37.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. The firm has a market capitalization of $13.06 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 0.50 and a beta of 0.50. The business’s fifty day moving average price is $32.64 and its 200 day moving average price is $28.65.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.The company had revenue of $462.30 million for the quarter, compared to analysts’ expectations of $490.96 million. During the same period last year, the firm earned $0.19 earnings per share. Alamos Gold’s quarterly revenue was up 28.1% on a year-over-year basis. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were paid a $0.025 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is currently 12.05%.

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.