Alamos Gold Inc. $AGI Stock Sold by Plancorp LLC

Plancorp LLC reduced its position in shares of Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 20.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 61,737 shares of the basic materials company’s stock after selling 16,079 shares during the quarter. Plancorp LLC’s holdings in Alamos Gold were worth $2,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC purchased a new position in shares of Alamos Gold in the first quarter valued at $35,000. Mather Group LLC. bought a new stake in Alamos Gold in the third quarter worth $29,000. Versant Capital Management Inc increased its position in Alamos Gold by 258.0% in the third quarter. Versant Capital Management Inc now owns 1,228 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 885 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in Alamos Gold during the first quarter valued at $59,000. Finally, CoreCap Advisors LLC raised its stake in Alamos Gold by 146.8% during the third quarter. CoreCap Advisors LLC now owns 1,900 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 1,130 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Price Performance

NYSE:AGI opened at $31.85 on Friday. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 0.51 and a beta of 0.63. Alamos Gold Inc. has a 1 year low of $26.92 and a 1 year high of $55.41. The business has a 50 day simple moving average of $33.03 and a 200-day simple moving average of $37.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.01 and a quick ratio of 1.62.

Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last announced its earnings results on Wednesday, October 28th. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The company had revenue of $510.40 million during the quarter, compared to analysts’ expectations of $551.03 million. Alamos Gold had a return on equity of 18.95% and a net margin of 46.66%. During the same quarter last year, the firm posted $0.37 EPS. Equities analysts forecast that Alamos Gold Inc. will post 2.09 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, September 10th. Alamos Gold’s dividend payout ratio is presently 6.37%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of Alamos Gold from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a research note on Thursday, October 29th. Wall Street Zen downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $42.00 target price on shares of Alamos Gold in a research report on Wednesday, September 16th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.50.

View Our Latest Stock Report on AGI

Alamos Gold Profile

(Free Report)

Alamos Gold Inc is a Canadian gold producer that explores for, develops and operates gold mines. The company’s operations are concentrated in Canada and Mexico, and it also advances exploration and development projects.

Its operating assets include the Island Gold and Young-Davidson mines in Ontario, the Magino mine in Ontario, and the Mulatos mine in Sonora, Mexico. Alamos produces gold and works to expand its mineral resources through exploration and mine development.

Founded in 2003, Alamos grew through acquisitions, including the additions of Young-Davidson and Island Gold.

See Also

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

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