Alamos Gold Inc. $AGI Holdings Decreased by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 18.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,534 shares of the basic materials company’s stock after selling 4,544 shares during the quarter. D.A. Davidson & CO.’s holdings in Alamos Gold were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameritas Advisory Services LLC acquired a new stake in Alamos Gold during the second quarter valued at $30,000. Banque Transatlantique SA acquired a new stake in Alamos Gold during the first quarter valued at $31,000. 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. SVB Wealth LLC acquired a new stake in Alamos Gold during the first quarter valued at $67,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Alamos Gold during the first quarter valued at $68,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $31.93 on Thursday. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $37.54. The business has a 50-day moving average of $32.57 and a two-hundred day moving average of $28.64. The stock has a market capitalization of $13.43 billion, a P/E ratio of 38.47, a P/E/G ratio of 0.49 and a beta of 0.50. 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 (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.During the same period last year, the firm posted $0.19 earnings per share. The firm’s revenue was up 28.1% compared to the same quarter last year. On average, equities research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

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

Analyst Upgrades and Downgrades

AGI has been the subject of a number of research reports. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. National Bankshares reissued an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. CIBC reissued an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Zacks Research raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Bank of America lifted their price objective on Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and a consensus price target of $41.00.

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.