U S Global Investors Inc. Sells 10,000 Shares of Alamos Gold Inc. $AGI

Key Points

• U S Global Investors Inc. reduced its stake in Alamos Gold by 3.8%, selling 10,000 shares, and now holds 250,000 shares, equating to 0.8% of its portfolio.
• Alamos Gold recently paid a $0.025 quarterly dividend, which translates to an annual yield of 0.3% and a payout ratio of 12.05%.
• The company's stock has shown strong performance, with a 12-month revenue increase of 31.7% year-over-year and a recent earnings per share (EPS) of $0.34, beating analyst expectations.

U S Global Investors Inc. cut its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 250,000 shares of the basic materials company's stock after selling 10,000 shares during the quarter. Alamos Gold accounts for about 0.8% of U S Global Investors Inc.'s portfolio, making the stock its 25th biggest holding. U S Global Investors Inc. owned about 0.06% of Alamos Gold worth $6,640,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AGI. Ameritas Advisory Services LLC bought a new position in shares of Alamos Gold during the second quarter worth about $30,000. Banque Transatlantique SA bought a new position in shares of Alamos Gold during the first quarter worth about $31,000. Sunbelt Securities Inc. bought a new position in shares of Alamos Gold during the first quarter worth about $41,000. SBI Securities Co. Ltd. grew its holdings in shares of Alamos Gold by 67.0% during the first 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. Finally, SVB Wealth LLC bought a new position in shares of Alamos Gold during the first quarter worth about $67,000. 64.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. BMO Capital Markets restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, September 16th. Zacks Research upgraded Alamos Gold from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 3rd. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Finally, Stifel Nicolaus assumed coverage on Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating for the company. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $31.17.

Alamos Gold Stock Performance

AGI opened at $33.03 on Friday. Alamos Gold Inc. has a 12-month low of $17.42 and a 12-month high of $35.61. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 0.67 and a beta of 0.50. The business has a 50 day moving average of $30.68 and a 200-day moving average of $27.97. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The company had revenue of $438.20 million during the quarter, compared to analysts' expectations of $400.61 million. During the same period last year, the firm posted $0.24 earnings per share. The business's revenue was up 31.7% on a year-over-year basis. On average, equities research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 11th. Alamos Gold's dividend payout ratio (DPR) is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.