Linscomb & Williams Inc. Boosts Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Linscomb & Williams Inc. raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 17.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 20,090 shares of the basic materials company’s stock after purchasing an additional 3,000 shares during the period. Linscomb & Williams Inc.’s holdings in Alamos Gold were worth $154,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Envestnet Asset Management Inc. increased its position in Alamos Gold by 8.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 16,185 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 1,216 shares during the period. HighTower Advisors LLC increased its position in Alamos Gold by 5.9% during the 1st quarter. HighTower Advisors LLC now owns 30,892 shares of the basic materials company’s stock valued at $242,000 after purchasing an additional 1,709 shares during the period. SG Americas Securities LLC increased its position in Alamos Gold by 6.1% during the 1st quarter. SG Americas Securities LLC now owns 30,661 shares of the basic materials company’s stock valued at $239,000 after purchasing an additional 1,753 shares during the period. Sei Investments Co. increased its position in Alamos Gold by 0.4% during the 2nd quarter. Sei Investments Co. now owns 513,438 shares of the basic materials company’s stock valued at $3,926,000 after purchasing an additional 1,845 shares during the period. Finally, Lee Danner & Bass Inc. increased its position in Alamos Gold by 21.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 17,000 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 3,000 shares during the period. 53.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE AGI opened at $7.77 on Wednesday. Alamos Gold Inc. has a 12 month low of $7.02 and a 12 month high of $10.34. The company has a 50 day simple moving average of $7.78 and a two-hundred day simple moving average of $8.13. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 155.43, a PEG ratio of 1.66 and a beta of 1.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, July 28th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Alamos Gold had a net margin of 2.71% and a return on equity of 7.23%. Sell-side analysts forecast that Alamos Gold Inc. will post 0.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Thursday, September 16th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.29%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.02. The ex-dividend date is Wednesday, September 15th. Alamos Gold’s payout ratio is 25.00%.

A number of research firms have recently weighed in on AGI. National Bank Financial lowered their price target on shares of Alamos Gold from C$14.25 to C$13.50 and set an “outperform” rating on the stock in a report on Friday, July 16th. TD Securities lowered their target price on shares of Alamos Gold from C$16.00 to C$15.50 and set a “buy” rating for the company in a research note on Friday, July 30th. CIBC lowered their target price on shares of Alamos Gold from C$16.00 to C$15.50 in a research note on Wednesday, June 23rd. Zacks Investment Research upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Monday, May 31st. Finally, TheStreet cut shares of Alamos Gold from a “b” rating to a “c-” rating in a research note on Friday, July 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.40.

Alamos Gold Company Profile

Alamos Gold, Inc engages in the exploration, development, mining and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.

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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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