Linscomb & Williams Inc. Increases Stake in Alamos Gold Inc. (NYSE:AGI)

Linscomb & Williams Inc. grew its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 17.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,090 shares of the basic materials company’s stock after acquiring an additional 3,000 shares during the quarter. Linscomb & Williams Inc.’s holdings in Alamos Gold were worth $154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in AGI. FMR LLC raised its stake in shares of Alamos Gold by 2.1% in the first quarter. FMR LLC now owns 5,226,012 shares of the basic materials company’s stock valued at $26,515,000 after acquiring an additional 106,099 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in Alamos Gold by 16.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 950,234 shares of the basic materials company’s stock worth $4,827,000 after buying an additional 134,396 shares during the period. Dimensional Fund Advisors LP increased its stake in Alamos Gold by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 668,641 shares of the basic materials company’s stock worth $5,851,000 after buying an additional 12,597 shares during the period. Commonwealth Equity Services LLC increased its stake in Alamos Gold by 24.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 43,714 shares of the basic materials company’s stock worth $341,000 after buying an additional 8,635 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Alamos Gold by 8.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 16,185 shares of the basic materials company’s stock worth $126,000 after buying an additional 1,216 shares during the period. 53.77% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently commented on the stock. National Bank Financial reduced 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 research note on Friday, July 16th. TheStreet downgraded shares of Alamos Gold from a “b” rating to a “c-” rating in a research report on Friday, July 30th. Zacks Investment Research raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research report on Monday, May 31st. CIBC cut their target price on shares of Alamos Gold from C$16.00 to C$15.50 in a research report on Wednesday, June 23rd. Finally, TD Securities cut their target price on shares of Alamos Gold from C$16.00 to C$15.50 and set a “buy” rating on the stock in a research report on Friday, July 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Alamos Gold currently has an average rating of “Hold” and a consensus target price of $13.40.

NYSE:AGI opened at $7.77 on Wednesday. Alamos Gold Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $10.34. The stock has a market capitalization of $3.05 billion, a P/E ratio of 155.43, a P/E/G ratio of 1.66 and a beta of 1.00. The company’s 50-day simple moving average is $7.78 and its 200-day simple moving average is $8.13.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Thursday, September 16th will be paid a $0.025 dividend. The ex-dividend date is Wednesday, September 15th. This is a boost from Alamos Gold’s previous quarterly dividend of $0.02. This represents a $0.10 dividend on an annualized basis and a yield of 1.29%. Alamos Gold’s dividend payout ratio (DPR) is 25.00%.

Alamos Gold 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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