Harbour Capital Advisors LLC Sells 560 Shares of Alamos Gold Inc. (NYSE:AGI)

Harbour Capital Advisors LLC cut its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,490 shares of the basic materials company’s stock after selling 560 shares during the period. Harbour Capital Advisors LLC’s holdings in Alamos Gold were worth $892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp lifted its stake in Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after acquiring an additional 4,521,282 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of 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 valued at $97,336,000 after purchasing an additional 2,149,915 shares during the last quarter. FMR LLC lifted its position 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 purchasing an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Alamos Gold by 19.1% in the 3rd 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 buying an additional 891,255 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its position in Alamos Gold by 140.4% in the second quarter. 1832 Asset Management L.P. now owns 1,470,777 shares of the basic materials company’s stock worth $23,062,000 after purchasing an additional 858,977 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AGI. StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group lifted their price target on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Price Performance

NYSE:AGI traded down $0.36 during trading hours on Monday, hitting $19.15. 962,879 shares of the company’s stock traded hands, compared to its average volume of 1,819,333. The firm has a market cap of $8.05 billion, a P/E ratio of 31.92, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $18.83 and its two-hundred day simple moving average is $18.79. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45.

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

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s payout ratio is 16.67%.

About Alamos Gold

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.