Ashton Thomas Private Wealth LLC Has $4.44 Million Holdings in Alamos Gold Inc. $AGI

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 reduced its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 31.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Alamos Gold by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company's stock worth $433,133,000 after buying an additional 214,933 shares in the last quarter. Mackenzie Financial Corp lifted its position in Alamos Gold by 2.0% during the 4th quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company's stock worth $135,855,000 after buying an additional 145,726 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position 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 in the last quarter. American Century Companies Inc. lifted its position in Alamos Gold by 4.9% during the 1st quarter. American Century Companies Inc. now owns 2,769,539 shares of the basic materials company's stock worth $74,029,000 after buying an additional 129,334 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in Alamos Gold by 10.4% during the 1st quarter. TD Asset Management Inc now owns 2,556,335 shares of the basic materials company's stock worth $68,293,000 after buying an additional 240,654 shares in the last quarter. 64.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Stifel Nicolaus started coverage on shares of 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Stock Performance

AGI traded up $0.07 on Friday, reaching $32.97. The company had a trading volume of 2,386,686 shares, compared to its average volume of 3,175,458. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $33.27. The stock has a market cap of $13.87 billion, a P/E ratio of 39.72, a P/E/G ratio of 0.72 and a beta of 0.55. The company's fifty day moving average is $27.65 and its 200 day moving average is $26.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49.

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

Alamos Gold Announces Dividend

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