Oppenheimer & Close LLC Trims Stock Position in Alamos Gold Inc. (NYSE:AGI)

Oppenheimer & Close LLC trimmed its position in Alamos Gold Inc. (NYSE:AGIGet Rating) (TSE:AGI) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,503 shares of the basic materials company’s stock after selling 9,992 shares during the quarter. Alamos Gold comprises approximately 2.1% of Oppenheimer & Close LLC’s holdings, making the stock its 11th biggest position. Oppenheimer & Close LLC owned about 0.07% of Alamos Gold worth $1,835,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AGI. CWM LLC bought a new stake in Alamos Gold in the first quarter worth $26,000. Evanson Asset Management LLC bought a new position in Alamos Gold in the 2nd quarter worth about $73,000. Brown Brothers Harriman & Co. grew its stake in Alamos Gold by 58.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock worth $83,000 after acquiring an additional 3,665 shares in the last quarter. Financial Counselors Inc. bought a new position in shares of Alamos Gold during the first quarter valued at approximately $94,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Alamos Gold during the first quarter valued at approximately $101,000. 50.89% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Down 4.8 %

Shares of Alamos Gold stock traded down $0.34 during mid-day trading on Friday, reaching $6.77. 60,641 shares of the stock traded hands, compared to its average volume of 3,085,780. The business has a 50-day moving average of $7.49 and a 200 day moving average of $7.72. The stock has a market capitalization of $2.66 billion, a PE ratio of 48.43, a PEG ratio of 3.02 and a beta of 1.09. Alamos Gold Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $9.22.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last posted its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $191.20 million during the quarter, compared to analyst estimates of $195.11 million. Alamos Gold had a return on equity of 4.51% and a net margin of 6.76%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. On average, equities research analysts expect that Alamos Gold Inc. will post 0.32 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.10 annualized dividend and a yield of 1.48%. Alamos Gold’s dividend payout ratio (DPR) is 71.43%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AGI. TD Securities increased their price objective on shares of Alamos Gold from C$16.00 to C$16.50 in a research note on Thursday, June 30th. Canaccord Genuity Group increased their target price on shares of Alamos Gold from C$12.00 to C$13.00 in a research report on Thursday, June 30th. TheStreet cut shares of Alamos Gold from a “b-” rating to a “c+” rating in a research report on Thursday, September 15th. StockNews.com raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Finally, Stifel Nicolaus decreased their target price on shares of Alamos Gold from C$18.25 to C$16.00 in a research report on Wednesday, July 20th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Alamos Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.75.

About Alamos Gold

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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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