IFP Advisors Inc Acquires 17,171 Shares of Alamos Gold Inc. (NYSE:AGI)

IFP Advisors Inc lifted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,706 shares of the basic materials company’s stock after purchasing an additional 17,171 shares during the period. IFP Advisors Inc’s holdings in Alamos Gold were worth $2,207,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Pekin Hardy Strauss Inc. raised its stake in shares of Alamos Gold by 6.3% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 239,041 shares of the basic materials company’s stock worth $4,408,000 after purchasing an additional 14,200 shares during the period. Navellier & Associates Inc. raised its stake in shares of Alamos Gold by 14.4% during the 4th quarter. Navellier & Associates Inc. now owns 178,048 shares of the basic materials company’s stock worth $3,283,000 after purchasing an additional 22,355 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in 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 acquiring an additional 56,898 shares during the last quarter. Legacy Capital Group California Inc. increased its holdings in Alamos Gold by 65.9% in the 4th quarter. Legacy Capital Group California Inc. now owns 17,538 shares of the basic materials company’s stock worth $323,000 after acquiring an additional 6,966 shares during the last quarter. Finally, Cumberland Partners Ltd increased its holdings in Alamos Gold by 0.6% in the 4th quarter. Cumberland Partners Ltd now owns 277,000 shares of the basic materials company’s stock worth $5,108,000 after acquiring an additional 1,600 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Down 0.1 %

AGI stock opened at $23.15 on Wednesday. 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 firm has a market capitalization of $9.73 billion, a PE ratio of 33.55, a PEG ratio of 0.40 and a beta of 1.16. Alamos Gold Inc. has a twelve month low of $11.36 and a twelve month high of $24.27. The stock has a 50-day simple moving average of $20.30 and a two-hundred day simple moving average of $19.77.

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

Analyst Ratings Changes

AGI has been the subject of several recent research reports. Royal Bank of Canada lifted their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $26.06.

Alamos Gold 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.