Alamos Gold Inc. $AGI Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. reduced its holdings in Alamos Gold Inc. by 11.4%, now owning approximately 0.33% of the company valued at $37.2 million.
• Alamos Gold reported a quarterly earnings per share (EPS) of $0.34, exceeding analysts' expectations, with a year-over-year revenue increase of 31.7%.
• The company has declared a quarterly dividend of $0.025, reflecting a 0.4% dividend yield and a payout ratio of 12.05%.

Raymond James Financial Inc. lowered its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 11.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,391,216 shares of the basic materials company's stock after selling 178,758 shares during the period. Raymond James Financial Inc. owned about 0.33% of Alamos Gold worth $37,202,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Murphy Pohlad Asset Management LLC raised its stake in shares of Alamos Gold by 0.3% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock valued at $4,269,000 after buying an additional 500 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Alamos Gold by 0.3% in the 4th quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock valued at $3,349,000 after purchasing an additional 614 shares in the last quarter. Cheviot Value Management LLC increased its stake in shares of Alamos Gold by 1.2% in the 1st quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company's stock valued at $1,346,000 after purchasing an additional 635 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 660 shares in the last quarter. Finally, Brown Advisory Inc. increased 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 purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AGI shares. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. CIBC restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Stifel Nicolaus started coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Price Performance

AGI stock traded up $0.47 during trading on Wednesday, hitting $29.77. The stock had a trading volume of 1,656,104 shares, compared to its average volume of 3,440,349. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. Alamos Gold Inc. has a twelve month low of $17.42 and a twelve month high of $31.00. The stock has a market capitalization of $12.51 billion, a P/E ratio of 35.85, a PEG ratio of 0.62 and a beta of 0.51. The company's 50-day moving average price is $26.29 and its two-hundred day moving average price is $25.96.

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

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, June 12th. Alamos Gold's payout ratio is currently 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.