Euro Pacific Asset Management LLC Sells 978 Shares of Alamos Gold Inc. $AGI

Euro Pacific Asset Management LLC cut its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 8.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,089 shares of the basic materials company’s stock after selling 978 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Alamos Gold were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. bought a new stake in shares of Alamos Gold in the 1st quarter worth $37,738,000. Goldman Sachs Group Inc. lifted its stake in Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after acquiring an additional 1,227,695 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Alamos Gold by 19.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company’s stock valued at $156,780,000 after acquiring an additional 957,359 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Alamos Gold in the first quarter worth approximately $24,011,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Alamos Gold by 50.9% during the first quarter. Canada Pension Plan Investment Board now owns 1,972,249 shares of the basic materials company’s stock valued at $52,705,000 after purchasing an additional 665,485 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 2.1%

Shares of AGI opened at $34.74 on Tuesday. 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 capitalization of $14.61 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 0.69 and a beta of 0.50. Alamos Gold Inc. has a 1 year low of $17.42 and a 1 year high of $35.61. The business’s 50 day simple moving average is $30.01 and its 200-day simple moving average is $27.79.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $438.20 million during the quarter, compared to analyst estimates of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS. As a group, equities analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal 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 $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 11th. Alamos Gold’s payout ratio is presently 12.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AGI shares. National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of Alamos Gold in a research note on Saturday, September 27th. BMO Capital Markets restated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They issued a “buy” rating for the company. Finally, Stifel Canada raised Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alamos Gold has an average rating of “Buy” and an average target price of $31.17.

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.