Euro Pacific Asset Management LLC Sells 978 Shares of Alamos Gold Inc. $AGI

Euro Pacific Asset Management LLC cut its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 8.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,089 shares of the basic materials company’s stock after selling 978 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Alamos Gold were worth $295,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AGI. Ameritas Advisory Services LLC bought a new stake in Alamos Gold during the 2nd quarter valued at approximately $30,000. Banque Transatlantique SA purchased a new stake in Alamos Gold during the 1st quarter valued at approximately $31,000. Sunbelt Securities Inc. bought a new stake in shares of Alamos Gold during the first quarter valued at approximately $41,000. SBI Securities Co. Ltd. lifted its holdings in shares of Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after buying an additional 660 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Alamos Gold in the first quarter worth $67,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Stock Down 1.2%

Shares of NYSE:AGI opened at $34.00 on Monday. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 0.69 and a beta of 0.50. Alamos Gold Inc. has a 12 month low of $17.42 and a 12 month high of $35.61. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $29.82 and a 200 day moving average price of $27.73.

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

Alamos Gold Announces Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on AGI shares. National Bankshares reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. Stifel Canada upgraded Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. CIBC reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Stifel Nicolaus initiated coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alamos Gold in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and a consensus target price of $31.17.

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.