Alamos Gold Inc. $AGI Position Reduced by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC cut its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 158,770 shares of the basic materials company’s stock after selling 880 shares during the period. Alamos Gold comprises 1.8% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 15th largest position. Murphy Pohlad Asset Management LLC’s holdings in Alamos Gold were worth $4,217,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Alamos Gold during the second quarter valued at about $30,000. Banque Transatlantique SA purchased a new stake in Alamos Gold during the first quarter valued at about $31,000. SBI Securities Co. Ltd. lifted its stake in Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock valued at $44,000 after buying an additional 660 shares in the last quarter. SVB Wealth LLC purchased a new stake in Alamos Gold during the first quarter valued at about $67,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Alamos Gold during the first quarter valued at about $68,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AGI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Alamos Gold in a research report on Wednesday, October 8th. BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Zacks Research raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Stifel Canada raised shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $41.00.

Alamos Gold Price Performance

Shares of AGI opened at $31.05 on Friday. The firm has a market cap of $13.06 billion, a PE ratio of 24.26, a PEG ratio of 0.50 and a beta of 0.50. The firm’s 50 day moving average price is $32.64 and its 200 day moving average price is $28.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. Alamos Gold Inc. has a twelve month low of $17.42 and a twelve month high of $37.54.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $462.30 million for the quarter, compared to analyst estimates of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.69%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 earnings per share. As a group, research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were given 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 (DPR) is presently 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.