Ashton Thomas Private Wealth LLC Lowers Holdings in Alamos Gold Inc. $AGI

Ashton Thomas Private Wealth LLC lessened its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 68.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,705 shares of the basic materials company’s stock after selling 114,344 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Alamos Gold were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Cheviot Value Management LLC increased its holdings 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 worth $1,346,000 after buying an additional 635 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings 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 worth $44,000 after buying an additional 660 shares in the last quarter. Brown Advisory Inc. increased its holdings 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 worth $315,000 after buying an additional 1,000 shares in the last quarter. SeaBridge Investment Advisors LLC increased its holdings 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 worth $294,000 after buying an additional 1,000 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Alamos Gold in the 2nd quarter worth about $30,000. 64.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Zacks Research upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. BMO Capital Markets restated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, September 16th. CIBC restated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Alamos Gold in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $41.00.

Alamos Gold Trading Up 1.2%

Shares of NYSE:AGI opened at $31.93 on Thursday. The stock has a 50 day moving average of $32.57 and a 200 day moving average of $28.64. The company has a market cap of $13.43 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 0.49 and a beta of 0.50. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 12-month low of $17.42 and a 12-month high of $37.54.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The company’s revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 EPS. As a group, equities research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid 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 dividend yield of 0.3%. Alamos Gold’s payout ratio is 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.