Plancorp LLC Sells 16,079 Shares of Alamos Gold Inc. $AGI

Plancorp LLC cut its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 20.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,737 shares of the basic materials company’s stock after selling 16,079 shares during the period. Plancorp LLC’s holdings in Alamos Gold were worth $2,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of Alamos Gold by 1.8% during the 1st quarter. Renaissance Technologies LLC now owns 5,118,171 shares of the basic materials company’s stock valued at $227,400,000 after buying an additional 92,227 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Alamos Gold by 41.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,139,080 shares of the basic materials company’s stock worth $183,963,000 after buying an additional 1,216,977 shares in the last quarter. Amundi increased its stake in Alamos Gold by 6.1% in the 1st quarter. Amundi now owns 3,411,224 shares of the basic materials company’s stock worth $151,561,000 after buying an additional 197,486 shares in the last quarter. Bank of America Corp DE increased its stake in Alamos Gold by 5.6% in the 1st quarter. Bank of America Corp DE now owns 2,438,796 shares of the basic materials company’s stock worth $108,356,000 after buying an additional 128,299 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Alamos Gold by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,679,980 shares of the basic materials company’s stock worth $74,757,000 after buying an additional 141,000 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $31.85 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.62 and a current ratio of 2.01. The firm has a fifty day moving average price of $33.03 and a 200 day moving average price of $37.89. Alamos Gold Inc. has a fifty-two week low of $26.92 and a fifty-two week high of $55.41. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.51 and a beta of 0.63.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, October 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The company had revenue of $510.40 million during the quarter, compared to the consensus estimate of $551.03 million. Alamos Gold had a net margin of 46.66% and a return on equity of 18.95%. During the same quarter in the prior year, the firm posted $0.37 earnings per share. As a group, sell-side analysts expect that Alamos Gold Inc. will post 2.09 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 10th. Alamos Gold’s dividend payout ratio is 6.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AGI. Weiss Ratings upgraded Alamos Gold from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Zacks Research upgraded Alamos Gold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 3rd. Royal Bank Of Canada reissued an “outperform” rating and set a $42.00 target price on shares of Alamos Gold in a research note on Wednesday, September 16th. Finally, Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.50.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian gold producer that explores for, develops and operates gold mines. The company’s operations are concentrated in Canada and Mexico, and it also advances exploration and development projects.

Its operating assets include the Island Gold and Young-Davidson mines in Ontario, the Magino mine in Ontario, and the Mulatos mine in Sonora, Mexico. Alamos produces gold and works to expand its mineral resources through exploration and mine development.

Founded in 2003, Alamos grew through acquisitions, including the additions of Young-Davidson and Island Gold.