Sowell Financial Services LLC Grows Stock Position in Alamos Gold Inc. (NYSE:AGI)

Sowell Financial Services LLC raised its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 83.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,773 shares of the basic materials company's stock after buying an additional 57,301 shares during the quarter. Sowell Financial Services LLC's holdings in Alamos Gold were worth $3,363,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Cutler Capital Management LLC purchased a new stake in Alamos Gold in the 4th quarter worth about $108,000. Daiwa Securities Group Inc. bought a new position in Alamos Gold during the fourth quarter worth about $136,000. Coppell Advisory Solutions LLC increased its stake in shares of Alamos Gold by 14.4% in 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 in the last quarter. Vanguard Capital Wealth Advisors purchased a new position in shares of Alamos Gold in the first quarter worth about $221,000. Finally, Rossby Financial LCC bought a new stake in shares of Alamos Gold in the fourth quarter valued at approximately $231,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on AGI. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Royal Bank of Canada lifted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Bank of America reduced their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.38.

Alamos Gold Trading Down 2.5%

Alamos Gold stock opened at $26.84 on Tuesday. The stock has a market cap of $11.28 billion, a P/E ratio of 38.90, a PEG ratio of 0.40 and a beta of 0.55. Alamos Gold Inc. has a fifty-two week low of $15.01 and a fifty-two week high of $31.00. The firm's fifty day moving average price is $26.99 and its 200-day moving average price is $23.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The business had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Alamos Gold's revenue was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) 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.

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