Alamos Gold Inc. (NYSE:AGI) Stock Holdings Boosted by Toronto Dominion Bank

Toronto Dominion Bank grew its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 20.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 178,946 shares of the basic materials company’s stock after purchasing an additional 30,548 shares during the quarter. Toronto Dominion Bank’s holdings in Alamos Gold were worth $3,568,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of AGI. Natixis Advisors LLC boosted its stake in Alamos Gold by 2.0% during the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock valued at $552,000 after buying an additional 531 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 728 shares during the last quarter. Foundation Resource Management Inc. boosted its position in shares of Alamos Gold by 3.0% during the 3rd quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock valued at $826,000 after purchasing an additional 1,190 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Alamos Gold by 3.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company’s stock worth $609,000 after purchasing an additional 1,282 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Alamos Gold by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock worth $1,042,000 after purchasing an additional 1,654 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Scotiabank boosted their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group lifted their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada boosted their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Price Performance

AGI opened at $19.11 on Monday. The firm has a market capitalization of $8.03 billion, a P/E ratio of 31.85, a PEG ratio of 0.93 and a beta of 1.15. The stock has a fifty day moving average of $19.47 and a 200-day moving average of $18.40. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The business had revenue of $360.90 million for the quarter. Equities analysts forecast that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s dividend payout ratio is currently 16.67%.

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.