Alamos Gold Inc. $AGI Stake Reduced by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC reduced its stake in Alamos Gold Inc. by 17.5% during the first quarter, holding 60,015 shares valued at $1,605,000 after selling 12,736 shares.
• Alamos Gold recently reported a quarterly earnings of $0.34 per share, exceeding estimates and reflecting a 31.7% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.025, representing an annual dividend yield of 0.3%, with a payout ratio of 12.05%.

NewEdge Advisors LLC decreased its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 17.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,015 shares of the basic materials company's stock after selling 12,736 shares during the quarter. NewEdge Advisors LLC's holdings in Alamos Gold were worth $1,605,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Alamos Gold during the first quarter valued at $320,000. Brown Advisory Inc. boosted its holdings in shares of Alamos Gold by 9.3% during the first 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. LBP AM SA acquired a new position in shares of Alamos Gold during the first quarter valued at $1,155,000. Amundi boosted its holdings in shares of Alamos Gold by 12.1% during the first quarter. Amundi now owns 1,806,696 shares of the basic materials company's stock valued at $48,546,000 after acquiring an additional 195,329 shares during the period. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Alamos Gold by 2.3% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,223,257 shares of the basic materials company's stock valued at $31,915,000 after acquiring an additional 27,032 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Price Performance

Alamos Gold stock traded down $0.19 during midday trading on Thursday, hitting $31.18. The company's stock had a trading volume of 3,091,625 shares, compared to its average volume of 3,399,741. 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 stock's 50-day moving average price is $28.07 and its 200-day moving average price is $26.99. Alamos Gold Inc. has a 12 month low of $17.42 and a 12 month high of $34.01. The company has a market capitalization of $13.11 billion, a PE ratio of 37.57, a price-to-earnings-growth ratio of 0.67 and a beta of 0.55.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS 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 analysts' expectations of $400.61 million. During the same period in the previous year, the business earned $0.24 earnings per share. Alamos Gold's revenue for the quarter was up 31.7% compared to the same quarter last year. Analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be given a $0.025 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.10 annualized dividend and a yield of 0.3%. Alamos Gold's payout ratio is 12.05%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Alamos Gold currently has an average rating of "Buy" and a consensus price target of $30.38.

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.