Alamos Gold Inc. $AGI Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC has reduced its stake in Alamos Gold Inc. by 24.6% in the first quarter, now holding 138,441 shares worth approximately $3.70 million.
• Alamos Gold reported a revenue increase of 31.7% year-over-year for the last quarter, with an EPS of $0.34 which exceeded analysts' expectations.
• The company has announced a quarterly dividend of $0.025 per share, reflecting a dividend yield of 0.3% and a payout ratio of 12.05%.

Evergreen Capital Management LLC decreased its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 24.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,441 shares of the basic materials company's stock after selling 45,225 shares during the period. Evergreen Capital Management LLC's holdings in Alamos Gold were worth $3,702,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of Alamos Gold during the first quarter valued at about $41,000. SBI Securities Co. Ltd. lifted its stake in Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after purchasing an additional 660 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Alamos Gold during the first quarter valued at approximately $67,000. Banque Cantonale Vaudoise bought a new stake in shares of Alamos Gold during the first quarter valued at approximately $68,000. Finally, NBT Bank N A NY bought a new stake in shares of Alamos Gold during the first quarter valued at approximately $190,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Down 1.0%

Shares of NYSE AGI traded down $0.33 during midday trading on Thursday, reaching $31.76. 1,731,540 shares of the stock were exchanged, compared to its average volume of 3,449,086. The company has a 50 day simple moving average of $26.80 and a 200 day simple moving average of $26.28. The stock has a market capitalization of $13.35 billion, a P/E ratio of 38.27, a PEG ratio of 0.67 and a beta of 0.55. 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 Inc. has a twelve month low of $17.42 and a twelve month high of $32.49.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The business's revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 EPS. As a group, equities analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold's dividend payout ratio (DPR) is 12.05%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AGI. National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Stifel Nicolaus started coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, CIBC restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Two equities research 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, the company 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.