Alamos Gold Inc. (NYSE:AGI) Shares Sold by Plancorp LLC

Plancorp LLC reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 50.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,768 shares of the basic materials company’s stock after selling 61,700 shares during the period. Plancorp LLC’s holdings in Alamos Gold were worth $969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cheviot Value Management LLC grew its holdings in Alamos Gold by 2.0% in the fourth quarter. Cheviot Value Management LLC now owns 51,927 shares of the basic materials company’s stock valued at $699,000 after purchasing an additional 1,000 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in 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 valued at $609,000 after acquiring an additional 1,282 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Alamos Gold by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock valued at $1,042,000 after acquiring an additional 1,654 shares in the last quarter. Easterly Investment Partners LLC raised its position in Alamos Gold by 0.6% during the second quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company’s stock worth $4,358,000 after acquiring an additional 1,673 shares during the last quarter. Finally, Baldwin Brothers LLC MA purchased a new stake in shares of Alamos Gold in the second quarter valued at about $47,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Down 0.0 %

Shares of NYSE:AGI opened at $20.68 on Tuesday. The company has a market cap of $8.26 billion, a P/E ratio of 39.77, a P/E/G ratio of 0.82 and a beta of 1.18. The business has a fifty day simple moving average of $18.16 and a 200-day simple moving average of $16.26. Alamos Gold Inc. has a 52 week low of $10.78 and a 52 week high of $20.90.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The firm had revenue of $332.60 million for the quarter, compared to analyst estimates of $282.78 million. During the same period last year, the company earned $0.15 EPS. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. Sell-side analysts expect that Alamos Gold Inc. will post 0.75 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.025 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.48%. Alamos Gold’s payout ratio is 19.23%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AGI. Scotiabank lifted their price objective 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. Royal Bank of Canada upped their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, Jefferies Financial Group upped their target price on shares of Alamos Gold from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.81.

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.