Knoll Capital Management LLC Has $818,000 Stake in Alamos Gold Inc. (NYSE:AGI)

Knoll Capital Management LLC lowered its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 48.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 41,000 shares of the basic materials company’s stock after selling 39,000 shares during the period. Alamos Gold accounts for approximately 0.4% of Knoll Capital Management LLC’s portfolio, making the stock its 29th largest position. Knoll Capital Management LLC’s holdings in Alamos Gold were worth $818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in shares of Alamos Gold during the 3rd quarter valued at $545,000. Captrust Financial Advisors lifted its position in shares of Alamos Gold by 4.0% during 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 period. Capstone Investment Advisors LLC acquired a new position in shares of Alamos Gold during the 3rd quarter valued at $490,000. Bridgewater Associates LP lifted its position in shares of Alamos Gold by 37.0% during the 3rd quarter. Bridgewater Associates LP now owns 139,191 shares of the basic materials company’s stock valued at $2,775,000 after acquiring an additional 37,574 shares during the period. Finally, FMR LLC lifted its position in shares of Alamos Gold by 50.8% during the 3rd 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 during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AGI. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Scotiabank boosted their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Royal Bank of Canada boosted their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, National Bank Financial lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.06.

Alamos Gold Stock Performance

Shares of AGI stock opened at $18.45 on Friday. The firm has a market capitalization of $7.75 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 0.74 and a beta of 1.19. The firm has a fifty day simple moving average of $19.68 and a two-hundred day simple moving average of $18.17. 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 12 month low of $11.24 and a 12 month high of $21.45.

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

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.54%. Alamos Gold’s payout ratio is 16.67%.

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.