Alamos Gold Inc. $AGI Holdings Reduced by LPL Financial LLC

Key Points

• LPL Financial LLC reduced its stake in Alamos Gold Inc. by 24.0% during Q1, now holding 113,594 shares valued at approximately $3.04 million.
• Alamos Gold recently reported $0.34 earnings per share for the quarter, surpassing expectations of $0.33, with revenues hitting $438.20 million.
• The stock currently has a consensus rating of "Buy" from analysts, with a price target of $30.38.

LPL Financial LLC lowered its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 24.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,594 shares of the basic materials company's stock after selling 35,891 shares during the quarter. LPL Financial LLC's holdings in Alamos Gold were worth $3,037,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in Alamos Gold in the 1st quarter worth $41,000. SBI Securities Co. Ltd. lifted its holdings in Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after buying an additional 660 shares in the last quarter. Coppell Advisory Solutions LLC lifted its holdings in 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 worth $181,000 after buying an additional 1,260 shares in the last quarter. NBT Bank N A NY acquired a new position in 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 worth $220,000 after buying an additional 7,329 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Stock Performance

Shares of NYSE:AGI traded up $1.2510 during trading on Thursday, reaching $27.7610. 4,112,393 shares of the company's stock traded hands, compared to its average volume of 3,381,303. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. Alamos Gold Inc. has a 12 month low of $17.42 and a 12 month high of $31.00. The company has a 50 day moving average of $26.19 and a 200-day moving average of $25.80. The stock has a market capitalization of $11.67 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 0.58 and a beta of 0.51.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share 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 during the quarter, compared to the consensus estimate of $400.61 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. On average, equities analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently disclosed 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 dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's dividend payout ratio is currently 12.05%.

Analysts Set New Price Targets

AGI has been the topic of a number of recent analyst reports. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a research note 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 Canada upgraded 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 research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.