Anthracite Investment Company Inc. Sells 10,000 Shares of Alamos Gold Inc. $AGI

Anthracite Investment Company Inc. lessened its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the basic materials company’s stock after selling 10,000 shares during the quarter. Anthracite Investment Company Inc.’s holdings in Alamos Gold were worth $2,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cheviot Value Management LLC increased its position in Alamos Gold by 1.2% in the 1st quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company’s stock valued at $1,346,000 after acquiring an additional 635 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 660 shares in the last quarter. Brown Advisory Inc. increased its position in Alamos Gold by 9.3% in the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company’s stock valued at $315,000 after acquiring an additional 1,000 shares in the last quarter. SeaBridge Investment Advisors LLC increased its position in Alamos Gold by 10.0% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 11,000 shares of the basic materials company’s stock valued at $294,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Alamos Gold in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Stifel Canada upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. Weiss Ratings restated a “buy (b)” rating on shares of Alamos Gold in a research report on Friday. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research report on Thursday. CIBC reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus began coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and a consensus price target of $41.00.

Alamos Gold Stock Down 1.0%

Shares of NYSE:AGI opened at $31.55 on Friday. Alamos Gold Inc. has a one year low of $17.42 and a one year high of $37.54. The company has a 50 day moving average of $32.26 and a 200-day moving average of $28.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. The stock has a market cap of $13.27 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 0.49 and a beta of 0.50.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The company had revenue of $438.20 million during the quarter, compared to analysts’ expectations of $400.61 million. During the same quarter in the previous year, the company earned $0.24 EPS. Alamos Gold’s revenue was up 31.7% on a year-over-year basis. On average, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s payout ratio is currently 12.05%.

Alamos Gold Company Profile

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.