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

IFP Advisors Inc trimmed its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 31.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 49,608 shares of the basic materials company’s stock after selling 22,856 shares during the period. IFP Advisors Inc’s holdings in Alamos Gold were worth $1,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Addenda Capital Inc. boosted its holdings in Alamos Gold by 12.3% in the 2nd quarter. Addenda Capital Inc. now owns 1,944,928 shares of the basic materials company’s stock valued at $51,657,000 after purchasing an additional 212,918 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Alamos Gold in the 1st quarter valued at about $320,000. Confluence Investment Management LLC acquired a new position in Alamos Gold in the 2nd quarter valued at about $717,000. Cigna Investments Inc. New acquired a new position in Alamos Gold in the 2nd quarter valued at about $201,000. Finally, Brown Advisory Inc. raised its stake in shares of 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 period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Shares of AGI opened at $33.03 on Monday. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $35.61. The firm’s 50 day moving average price is $30.68 and its 200 day moving average price is $28.00. The company has a market cap of $13.89 billion, a P/E ratio of 39.80, a PEG ratio of 0.67 and a beta of 0.50. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results 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. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The firm had revenue of $438.20 million for the quarter, compared to the consensus estimate of $400.61 million. During the same period in the prior year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, research analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 11th. Alamos Gold’s dividend payout ratio is presently 12.05%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AGI. Stifel Nicolaus began coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They issued a “buy” rating on the stock. National Bankshares reissued an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Alamos Gold in a research note on Wednesday, October 8th. CIBC reissued an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, September 16th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $31.17.

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.