Alamos Gold Inc. $AGI Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 38.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,703 shares of the basic materials company’s stock after selling 7,995 shares during the period. Hsbc Holdings PLC’s holdings in Alamos Gold were worth $339,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in Alamos Gold during the 1st quarter valued at about $320,000. Brown Advisory Inc. increased its stake in Alamos Gold by 9.3% during the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company’s stock valued at $315,000 after buying an additional 1,000 shares during the period. LBP AM SA acquired a new position in Alamos Gold during the 1st quarter valued at about $1,155,000. Goehring & Rozencwajg Associates LLC increased its stake in Alamos Gold by 2.3% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,223,257 shares of the basic materials company’s stock valued at $31,915,000 after buying an additional 27,032 shares during the period. Finally, Deutsche Bank AG increased its stake in Alamos Gold by 5.3% during the 4th quarter. Deutsche Bank AG now owns 171,943 shares of the basic materials company’s stock valued at $3,171,000 after buying an additional 8,681 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AGI shares. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Stifel Nicolaus started coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They issued a “buy” rating on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Stifel Canada raised shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, CIBC reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and a consensus target price of $30.38.

Alamos Gold Stock Performance

Shares of AGI opened at $32.10 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 38.67, a PEG ratio of 0.67 and a beta of 0.55. The company has a 50-day moving average of $26.80 and a two-hundred day moving average of $26.28. Alamos Gold Inc. has a one year low of $17.42 and a one year high of $32.49.

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

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is currently 12.05%.

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.