SBI Securities Co. Ltd. Decreases Holdings in Alamos Gold Inc. $AGI

SBI Securities Co. Ltd. reduced its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 28.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 39,751 shares of the basic materials company’s stock after selling 15,660 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Alamos Gold were worth $1,534,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. PKO Investment Management Joint Stock Co boosted its stake in Alamos Gold by 2.5% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 162,000 shares of the basic materials company’s stock valued at $6,267,000 after acquiring an additional 4,000 shares during the last quarter. Hussman Strategic Advisors Inc. lifted its stake in Alamos Gold by 19.6% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 61,000 shares of the basic materials company’s stock valued at $2,353,000 after purchasing an additional 10,000 shares during the last quarter. Sigma Planning Corp grew its holdings in Alamos Gold by 5.0% during the fourth quarter. Sigma Planning Corp now owns 11,795 shares of the basic materials company’s stock valued at $455,000 after purchasing an additional 557 shares during the period. PVG Asset Management Corp purchased a new stake in Alamos Gold in the fourth quarter worth $206,000. Finally, Pekin Hardy Strauss Inc. raised its stake in shares of Alamos Gold by 5.7% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 279,008 shares of the basic materials company’s stock valued at $10,789,000 after buying an additional 15,164 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AGI shares. Scotiabank lifted their price objective on Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday, February 6th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Weiss Ratings cut shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $50.67.

Alamos Gold Trading Up 7.9%

Shares of AGI opened at $41.95 on Thursday. Alamos Gold Inc. has a twelve month low of $23.75 and a twelve month high of $55.41. The stock has a market cap of $17.62 billion, a PE ratio of 16.71, a P/E/G ratio of 0.49 and a beta of 0.50. The company has a quick ratio of 1.60, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $46.11 and its 200-day moving average price is $40.81.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $596.70 million during the quarter, compared to analyst estimates of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. Alamos Gold’s revenue was up 79.2% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share. On average, equities analysts forecast that Alamos Gold Inc. will post 2.5 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s payout ratio is 6.37%.

About Alamos Gold

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.