Alamos Gold Inc. $AGI Position Cut by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC has reduced its holdings in Alamos Gold Inc. by 31.9%, selling 77,681 shares, resulting in total holdings worth approximately $4.44 million.
• Vanguard Group Inc. and Connor Clark & Lunn Investment Management Ltd. are among other institutional investors that have increased their stakes in Alamos Gold, with 64.33% of the stock currently owned by institutional investors.
• Alamos Gold reported $0.34 earnings per share for the last quarter, surpassing estimates, and announced a quarterly dividend of $0.025 payable on September 25th.

Ashton Thomas Private Wealth LLC lessened its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 31.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 166,049 shares of the basic materials company's stock after selling 77,681 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Alamos Gold were worth $4,437,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Goldman Sachs Group Inc. lifted its stake in shares of Alamos Gold by 105.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company's stock worth $64,032,000 after acquiring an additional 1,227,695 shares in the last quarter. Knightsbridge Asset Management LLC acquired a new position in shares of Alamos Gold in the first quarter worth about $218,000. Edmond DE Rothschild Holding S.A. lifted its stake in shares of Alamos Gold by 30.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 118,294 shares of the basic materials company's stock worth $3,167,000 after acquiring an additional 27,300 shares in the last quarter. Eschler Asset Management LLP lifted its stake in shares of Alamos Gold by 63.6% in the first quarter. Eschler Asset Management LLP now owns 95,726 shares of the basic materials company's stock worth $2,560,000 after acquiring an additional 37,226 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of Alamos Gold in the first quarter worth about $31,000. Institutional investors and hedge funds own 64.33% of the company's stock.

Analyst Ratings Changes

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

Alamos Gold Stock Performance

Shares of NYSE:AGI traded up $0.07 during trading on Friday, hitting $32.97. 2,386,686 shares of the company traded hands, compared to its average volume of 3,110,287. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 0.72 and a beta of 0.55. The business's fifty day moving average is $27.65 and its 200-day moving average is $26.80. Alamos Gold Inc. has a one year low of $17.42 and a one year high of $33.27. The company has a quick ratio of 1.00, 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 posted its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $438.20 million during the quarter, compared to analyst estimates 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 was up 31.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. As a group, equities analysts predict 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 will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Alamos Gold's dividend payout ratio is 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.