U S Global Investors Inc. Has $6.95 Million Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

U S Global Investors Inc. cut its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 18.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 260,000 shares of the basic materials company's stock after selling 58,500 shares during the period. Alamos Gold comprises about 0.9% of U S Global Investors Inc.'s investment portfolio, making the stock its 24th biggest holding. U S Global Investors Inc. owned approximately 0.06% of Alamos Gold worth $6,952,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AGI. Cutler Capital Management LLC acquired a new stake in shares of Alamos Gold in the 4th quarter valued at about $108,000. Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $136,000. Coppell Advisory Solutions LLC raised its holdings in shares of Alamos Gold by 14.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock valued at $181,000 after buying an additional 1,260 shares during the last quarter. NBT Bank N A NY bought a new stake in shares of Alamos Gold in the 1st quarter worth $190,000. Finally, Continuum Advisory LLC lifted its holdings in Alamos Gold by 808.9% in the 1st quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock valued at $220,000 after acquiring an additional 7,329 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AGI has been the topic of a number of recent analyst reports. Bank of America cut their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Royal Bank Of Canada boosted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.38.

Alamos Gold Stock Performance

NYSE AGI traded down $0.54 during trading on Friday, hitting $25.61. The company's stock had a trading volume of 3,609,218 shares, compared to its average volume of 2,873,867. Alamos Gold Inc. has a 52 week low of $15.35 and a 52 week high of $31.00. The firm has a market cap of $10.76 billion, a P/E ratio of 41.30, a price-to-earnings-growth ratio of 0.55 and a beta of 0.55. The firm has a 50 day moving average price of $26.55 and a 200 day moving average price of $24.01. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The company had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. During the same period last year, the firm posted $0.13 EPS. The company's revenue was up 20.0% compared to the same quarter last year. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is currently 16.13%.

Alamos Gold 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.