Cetera Investment Advisers Sells 7,874 Shares of Alamos Gold Inc. $AGI

Cetera Investment Advisers cut its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 33.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,979 shares of the basic materials company’s stock after selling 7,874 shares during the quarter. Cetera Investment Advisers’ holdings in Alamos Gold were worth $427,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AGI. Sunbelt Securities Inc. acquired a new position in Alamos Gold during the first quarter valued at approximately $41,000. SBI Securities Co. Ltd. boosted its position in Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 660 shares during the last quarter. Coppell Advisory Solutions LLC boosted its position in Alamos Gold by 14.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company’s stock valued at $181,000 after purchasing an additional 1,260 shares during the last quarter. NBT Bank N A NY acquired a new position in Alamos Gold during the first quarter valued at approximately $190,000. Finally, Continuum Advisory LLC boosted its position in Alamos Gold by 808.9% during the first quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company’s stock valued at $220,000 after purchasing an additional 7,329 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Trading Up 2.2%

NYSE:AGI opened at $25.96 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. Alamos Gold Inc. has a 1 year low of $17.42 and a 1 year high of $31.00. The company has a market cap of $10.91 billion, a P/E ratio of 31.28, a P/E/G ratio of 0.57 and a beta of 0.51. The stock’s fifty day moving average price is $26.24 and its two-hundred day moving average price is $25.72.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%. The firm had revenue of $438.20 million for the quarter, compared to analysts’ expectations of $400.61 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold’s payout ratio is 12.05%.

Analysts Set New Price Targets

AGI has been the subject of a number of recent analyst reports. Stifel Canada raised Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. National Bankshares reiterated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Stifel Nicolaus assumed coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a “buy” rating on the stock. CIBC reiterated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Finally, Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Alamos Gold currently has an average rating of “Buy” and an average target price of $30.38.

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.