Alamos Gold Inc. $AGI Shares Sold by IFP Advisors Inc

IFP Advisors Inc decreased its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 37.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 30,822 shares of the basic materials company’s stock after selling 18,786 shares during the period. IFP Advisors Inc’s holdings in Alamos Gold were worth $1,074,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of Alamos Gold by 35.3% in the 3rd quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock valued at $1,587,666,000 after acquiring an additional 11,876,324 shares during the period. Vanguard Group Inc. boosted its position in Alamos Gold by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company’s stock worth $600,712,000 after purchasing an additional 524,263 shares during the period. CIBC Asset Management Inc boosted its position 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 worth $296,623,000 after purchasing an additional 2,521,347 shares during the period. Mackenzie Financial Corp increased its holdings in Alamos Gold by 6.3% in the 3rd quarter. Mackenzie Financial Corp now owns 9,547,541 shares of the basic materials company’s stock valued at $332,724,000 after purchasing an additional 567,926 shares in the last quarter. Finally, Norges Bank acquired a new stake in Alamos Gold in the 2nd quarter valued at $144,808,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Stock Down 3.3%

Shares of Alamos Gold stock opened at $38.31 on Monday. The business has a 50-day moving average of $44.77 and a 200-day moving average of $38.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.00 and a quick ratio of 1.60. The company has a market capitalization of $16.09 billion, a PE ratio of 18.24, a P/E/G ratio of 0.51 and a beta of 0.55. Alamos Gold Inc. has a 1-year low of $23.49 and a 1-year high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. The business had revenue of $575.30 million for the quarter, compared to analysts’ expectations of $596.18 million. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The company’s revenue was up 53.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. As a group, equities analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio is currently 7.62%.

Analyst Upgrades and Downgrades

AGI has been the topic of a number of recent research reports. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (a)” rating on shares of Alamos Gold in a research report on Monday, December 29th. Jefferies Financial Group restated a “buy” rating and issued a $49.00 price target on shares of Alamos Gold in a report on Sunday, December 7th. Finally, Desjardins began coverage on shares of Alamos Gold in a research report on Friday, November 28th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $45.50.

Alamos Gold 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.