Maven Securities LTD Sells 23,165 Shares of Alamos Gold Inc. $AGI

Key Points

• Maven Securities LTD reduced its stake in Alamos Gold Inc. by 55.1%, owning 18,879 shares worth $505,000 after selling 23,165 shares in Q1.
• Institutional investors control 64.33% of Alamos Gold's stock, with several firms significantly increasing their stakes during the fourth quarter.
• Alamos Gold experienced a 31.7% year-over-year increase in revenue, reporting quarterly earnings of $0.34 per share, surpassing estimates.

Maven Securities LTD trimmed its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 55.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,879 shares of the basic materials company's stock after selling 23,165 shares during the period. Maven Securities LTD's holdings in Alamos Gold were worth $505,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in Alamos Gold during the 1st quarter worth approximately $41,000. SBI Securities Co. Ltd. lifted 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 purchasing an additional 660 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Alamos Gold during the 1st quarter worth approximately $68,000. Coppell Advisory Solutions LLC lifted its holdings in Alamos Gold by 14.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock worth $181,000 after purchasing an additional 1,260 shares during the last quarter. Finally, NBT Bank N A NY acquired a new stake in Alamos Gold during the 1st quarter worth approximately $190,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AGI has been the subject of several research reports. National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. CIBC reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Stifel Nicolaus started coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating for the company. Finally, Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $30.38.

Alamos Gold Price Performance

AGI stock traded up $0.6030 during midday trading on Friday, reaching $28.3830. 3,519,213 shares of the stock were exchanged, compared to its average volume of 3,449,993. The stock has a market capitalization of $11.93 billion, a PE ratio of 34.20, a P/E/G ratio of 0.62 and a beta of 0.51. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $31.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. The company has a fifty day moving average price of $26.21 and a 200 day moving average price of $25.87.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $438.20 million for 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%.Alamos Gold's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. As a group, analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, June 12th. Alamos Gold's payout ratio is 12.05%.

About Alamos Gold

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.