Accordant Advisory Group Inc Takes Position in Alamos Gold Inc. (NYSE:AGI)

Accordant Advisory Group Inc bought a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, Holdings Channel reports. The fund bought 37,897 shares of the basic materials company’s stock, valued at approximately $699,000. Alamos Gold comprises approximately 0.7% of Accordant Advisory Group Inc’s portfolio, making the stock its 25th largest holding.

Several other large investors also recently modified their holdings of the business. FMR LLC grew its stake in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after acquiring an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Alamos Gold by 19.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after purchasing an additional 891,255 shares in the last quarter. CIBC Asset Management Inc grew its stake in Alamos Gold by 79.3% in the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock worth $97,336,000 after purchasing an additional 2,149,915 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Alamos Gold by 1.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock worth $41,205,000 after purchasing an additional 38,913 shares in the last quarter. Finally, Addenda Capital Inc. acquired a new position in Alamos Gold in the fourth quarter worth about $34,869,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AGI has been the subject of a number of research reports. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group lifted their target price on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Six 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 an average target price of $25.06.

Alamos Gold Stock Performance

AGI opened at $20.49 on Wednesday. The business’s 50 day moving average is $19.05 and its 200-day moving average is $19.05. The stock has a market cap of $8.61 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 0.59 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a twelve month low of $11.24 and a twelve month high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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. On average, analysts predict that Alamos Gold Inc. will post 0.81 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.49%. Alamos Gold’s payout ratio is 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.