CoreCap Advisors LLC Sells 19,934 Shares of Alamos Gold Inc. $AGI

CoreCap Advisors LLC lessened its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 80.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,811 shares of the basic materials company’s stock after selling 19,934 shares during the quarter. CoreCap Advisors LLC’s holdings in Alamos Gold were worth $168,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Alamos Gold in the 2nd quarter worth $144,808,000. Geode Capital Management LLC boosted its stake in Alamos Gold by 639.2% during the second quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock valued at $91,379,000 after buying an additional 2,923,478 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Alamos Gold by 29.3% during the 2nd quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock valued at $296,623,000 after buying an additional 2,521,347 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Alamos Gold by 32.3% during the 2nd quarter. Mackenzie Financial Corp now owns 8,979,615 shares of the basic materials company’s stock valued at $238,990,000 after buying an additional 2,192,593 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Alamos Gold by 105.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after acquiring an additional 1,227,695 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on AGI. Zacks Research lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Desjardins began coverage on shares of Alamos Gold in a research note on Friday, November 28th. They issued a “buy” rating for the company. Jefferies Financial Group restated a “buy” rating and set a $49.00 target price on shares of Alamos Gold in a research report on Sunday, December 7th. Bank of America increased their price target on shares of Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Wall Street Zen raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $43.00.

Alamos Gold Trading Up 0.6%

Shares of AGI opened at $42.83 on Wednesday. The company’s fifty day simple moving average is $36.93 and its 200-day simple moving average is $32.31. The company has a market cap of $17.98 billion, a P/E ratio of 33.46, a P/E/G ratio of 0.40 and a beta of 0.63. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a twelve month low of $19.07 and a twelve month high of $43.87.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The company had revenue of $462.30 million for the quarter, compared to the consensus estimate of $490.96 million. During the same period in the prior year, the firm posted $0.19 EPS. The firm’s revenue was up 28.1% 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, December 4th. Alamos Gold’s dividend payout ratio is presently 7.81%.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.