Sowell Financial Services LLC Sells 63,544 Shares of Alamos Gold Inc. $AGI

Sowell Financial Services LLC decreased its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 53.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,463 shares of the basic materials company’s stock after selling 63,544 shares during the period. Sowell Financial Services LLC’s holdings in Alamos Gold were worth $1,933,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. 1620 Investment Advisors Inc. purchased a new stake in shares of Alamos Gold during the 3rd quarter valued at $35,000. Ameritas Advisory Services LLC acquired a new position in Alamos Gold during the 2nd quarter valued at about $30,000. Banque Transatlantique SA purchased a new stake in Alamos Gold in the first quarter valued at about $31,000. Bessemer Group Inc. acquired a new stake in Alamos Gold in the second quarter worth about $90,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Alamos Gold during the second quarter worth about $98,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGI has been the subject of a number of recent analyst reports. Zacks Research cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Bank of America raised their price target on shares of Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. Jefferies Financial Group restated a “buy” rating and issued a $49.00 target price on shares of Alamos Gold in a research note on Sunday, December 7th. Finally, Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Alamos Gold presently has an average rating of “Buy” and an average price target of $43.00.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $38.83 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 0.57 and a beta of 0.63. The firm’s 50 day simple moving average is $34.92 and its 200-day simple moving average is $31.24. Alamos Gold Inc. has a 12 month low of $17.80 and a 12 month high of $40.98.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $462.30 million for the quarter, compared to the consensus estimate of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. Analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s dividend payout ratio is presently 7.81%.

Alamos Gold Company Profile

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.