Alamos Gold Inc. $AGI Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,007 shares of the basic materials company’s stock after selling 6,766 shares during the period. Sowell Financial Services LLC’s holdings in Alamos Gold were worth $3,161,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Murphy Pohlad Asset Management LLC raised its position in shares of Alamos Gold by 0.3% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company’s stock worth $4,269,000 after purchasing an additional 500 shares during the last quarter. Cheviot Value Management LLC raised its position in shares of Alamos Gold by 1.2% during the 1st quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company’s stock worth $1,346,000 after purchasing an additional 635 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 660 shares during the last quarter. Brown Advisory Inc. raised its holdings in Alamos Gold by 9.3% in the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company’s stock valued at $315,000 after acquiring an additional 1,000 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC lifted its stake in shares of Alamos Gold by 10.0% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 11,000 shares of the basic materials company’s stock worth $294,000 after purchasing an additional 1,000 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AGI. National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Stifel Nicolaus initiated coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a “buy” rating for the company. Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday. Stifel Canada upgraded Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, CIBC restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $30.38.

Alamos Gold Stock Performance

NYSE:AGI opened at $32.34 on Monday. 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 firm has a 50-day moving average of $28.18 and a two-hundred day moving average of $27.09. The stock has a market cap of $13.60 billion, a P/E ratio of 38.96, a PEG ratio of 0.66 and a beta of 0.55. Alamos Gold Inc. has a 1-year low of $17.42 and a 1-year high of $34.01.

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

Alamos Gold Dividend Announcement

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