Alamos Gold Inc. (NYSE:AGI) Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC cut its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 55.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,472 shares of the basic materials company’s stock after selling 85,598 shares during the quarter. Sowell Financial Services LLC’s holdings in Alamos Gold were worth $1,263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Natixis Advisors LLC raised its position in Alamos Gold by 2.0% in the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after acquiring an additional 531 shares in the last quarter. Veracity Capital LLC raised its position in Alamos Gold by 3.2% in the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock worth $416,000 after acquiring an additional 694 shares in the last quarter. Captrust Financial Advisors increased its stake 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 worth $375,000 after purchasing an additional 728 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 856 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in Alamos Gold by 4.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 1,000 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AGI. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada lifted their target price on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and an average price target of $26.06.

Alamos Gold Trading Down 3.1 %

Shares of NYSE AGI opened at $23.03 on Tuesday. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 0.40 and a beta of 1.15. The business has a 50 day simple moving average of $21.30 and a 200 day simple moving average of $20.08. Alamos Gold Inc. has a 52 week low of $13.06 and a 52 week high of $24.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.43%. Alamos Gold’s payout ratio is 14.49%.

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.