Sowell Financial Services LLC Acquires 57,301 Shares of Alamos Gold Inc. (NYSE:AGI)

Sowell Financial Services LLC increased its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 83.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 125,773 shares of the basic materials company's stock after acquiring an additional 57,301 shares during the period. Sowell Financial Services LLC's holdings in Alamos Gold were worth $3,363,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cutler Capital Management LLC acquired a new stake in Alamos Gold in the fourth quarter valued at $108,000. Daiwa Securities Group Inc. bought a new stake in Alamos Gold in the fourth quarter valued at approximately $136,000. Vanguard Capital Wealth Advisors bought a new position in shares of Alamos Gold during the 1st quarter worth approximately $221,000. Columbia Asset Management acquired a new position in shares of Alamos Gold during the 1st quarter worth approximately $233,000. Finally, Coppell Advisory Solutions LLC boosted its position in Alamos Gold by 14.4% during the fourth 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 period. Institutional investors own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AGI shares. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America decreased their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Royal Bank Of Canada lifted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. 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 research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.38.

Alamos Gold Price Performance

AGI traded down $0.24 on Friday, hitting $26.46. 5,721,387 shares of the stock were exchanged, compared to its average volume of 2,836,624. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. Alamos Gold Inc. has a 12 month low of $15.35 and a 12 month high of $31.00. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 0.64 and a beta of 0.55. The business has a 50-day moving average of $26.97 and a two-hundred day moving average of $23.71.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly 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). Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The firm had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business's revenue was up 20.0% on a year-over-year basis. Sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold's dividend payout ratio (DPR) is currently 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.