LPL Financial LLC Reduces Holdings in Alamos Gold Inc. (NYSE:AGI)

LPL Financial LLC decreased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 149,485 shares of the basic materials company’s stock after selling 15,146 shares during the quarter. LPL Financial LLC’s holdings in Alamos Gold were worth $2,756,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AGI. CIBC Asset Management Inc lifted its holdings in shares of Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after buying an additional 2,867,027 shares during the period. Addenda Capital Inc. purchased a new stake in shares of Alamos Gold during the 4th quarter valued at $34,869,000. Raymond James Financial Inc. acquired a new stake in shares of Alamos Gold in the 4th quarter worth $28,950,000. Jupiter Asset Management Ltd. grew its stake in Alamos Gold by 55.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,615,833 shares of the basic materials company’s stock worth $29,796,000 after buying an additional 574,995 shares during the last quarter. Finally, Generate Investment Management Ltd increased its position in Alamos Gold by 120.8% during the 4th quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company’s stock valued at $15,101,000 after buying an additional 448,074 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Up 4.4 %

NYSE:AGI opened at $29.19 on Friday. The stock has a fifty day moving average price of $24.51 and a 200 day moving average price of $21.22. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12-month low of $14.31 and a 12-month high of $29.99. The firm has a market cap of $12.27 billion, a PE ratio of 42.30, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02.

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

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Sunday, April 6th. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Bank of America decreased their price target on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada raised their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $27.63.

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.