Alamos Gold Inc. (NYSE:AGI) Stock Holdings Trimmed by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 5.7% in the third quarter, HoldingsChannel reports. The firm owned 81,197 shares of the basic materials company’s stock after selling 4,928 shares during the period. Moran Wealth Management LLC’s holdings in Alamos Gold were worth $1,620,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Baldwin Brothers LLC MA acquired a new position in shares of Alamos Gold in the 2nd quarter worth $47,000. Hara Capital LLC acquired a new stake in shares of Alamos Gold in the third quarter worth $47,000. Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold during the second quarter valued at approximately $48,000. Employees Retirement System of Texas bought a new position in Alamos Gold during the 2nd quarter valued at about $88,000. Finally, Eastern Bank bought a new position in Alamos Gold in the 3rd quarter valued at $111,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at $18.85 on Friday. Alamos Gold Inc. has a 12 month low of $11.24 and a 12 month high of $21.45. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $19.90 and a two-hundred day simple moving average of $18.06. The firm has a market capitalization of $7.92 billion, a P/E ratio of 31.41, a P/E/G ratio of 0.85 and a beta of 1.19.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The company had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. On average, equities analysts forecast that Alamos Gold Inc. will post 0.76 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AGI shares. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group lifted their price target on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Scotiabank upped their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, Royal Bank of Canada boosted their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.06.

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.