Alamos Gold Inc. (NYSE:AGI) Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 39.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,464 shares of the basic materials company's stock after selling 47,242 shares during the quarter. IFP Advisors Inc's holdings in Alamos Gold were worth $1,938,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in Alamos Gold during the first quarter worth $41,000. SBI Securities Co. Ltd. grew its holdings in Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after acquiring an additional 660 shares in the last quarter. Cutler Capital Management LLC purchased a new position in Alamos Gold during the 4th quarter valued at about $108,000. Coppell Advisory Solutions LLC raised its holdings in shares of Alamos Gold by 14.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock valued at $181,000 after purchasing an additional 1,260 shares in the last quarter. Finally, NBT Bank N A NY purchased a new stake in shares of Alamos Gold in the 1st quarter worth approximately $190,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AGI. CIBC restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Stifel Nicolaus assumed coverage on Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $30.38.

Alamos Gold Stock Down 0.1%

Shares of AGI traded down $0.03 during mid-day trading on Friday, hitting $25.69. 1,323,439 shares of the company traded hands, compared to its average volume of 3,445,922. The business has a 50 day moving average of $26.36 and a 200 day moving average of $24.98. The company has a market capitalization of $10.80 billion, a PE ratio of 41.43, a price-to-earnings-growth ratio of 0.57 and a beta of 0.54. 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 Inc. has a 1-year low of $15.74 and a 1-year high of $31.00.

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

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.39%. The ex-dividend date was Thursday, June 12th. Alamos Gold's payout ratio is 16.13%.

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.