Hsbc Holdings PLC Has $339,000 Position in Alamos Gold Inc. $AGI

Key Points

• Hsbc Holdings PLC has reduced its stake in Alamos Gold Inc. by 38.6% during the 1st quarter, now holding 12,703 shares valued at approximately $339,000.
• Alamos Gold reported a quarterly earnings of $0.34 EPS, surpassing analysts' expectations, with a revenue of $438.20 million, indicating a 31.7% increase year-over-year.
• The company declared a quarterly dividend of $0.025 per share, representing a 0.3% dividend yield and a payout ratio of 12.05%.

Hsbc Holdings PLC reduced its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 38.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,703 shares of the basic materials company's stock after selling 7,995 shares during the quarter. Hsbc Holdings PLC's holdings in Alamos Gold were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in Alamos Gold by 19.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company's stock worth $156,780,000 after buying an additional 957,359 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Alamos Gold by 106.1% in the 4th quarter. Two Sigma Investments LP now owns 1,288,696 shares of the basic materials company's stock valued at $23,764,000 after buying an additional 663,381 shares during the period. Genus Capital Management Inc. lifted its holdings in shares of Alamos Gold by 203.7% in the 1st quarter. Genus Capital Management Inc. now owns 300,897 shares of the basic materials company's stock valued at $8,039,000 after buying an additional 591,074 shares during the period. Man Group plc increased its stake in shares of Alamos Gold by 942.8% in the 4th quarter. Man Group plc now owns 559,511 shares of the basic materials company's stock valued at $10,317,000 after purchasing an additional 505,857 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Alamos Gold by 45.1% in the 4th quarter. Bank of America Corp DE now owns 1,391,497 shares of the basic materials company's stock valued at $25,659,000 after purchasing an additional 432,641 shares in the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AGI. Stifel Nicolaus started coverage on Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. CIBC reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Price Performance

Shares of AGI traded down $0.40 during mid-day trading on Tuesday, reaching $32.36. 827,564 shares of the company's stock were exchanged, compared to its average volume of 3,445,921. The company has a 50-day simple moving average of $27.17 and a two-hundred day simple moving average of $26.52. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 0.70 and a beta of 0.55. Alamos Gold Inc. has a 52-week low of $17.42 and a 52-week high of $33.10.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. On average, sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid 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 presently 12.05%.

About Alamos Gold

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.