TD Waterhouse Canada Inc. Sells 48,729 Shares of Alamos Gold Inc. $AGI

TD Waterhouse Canada Inc. reduced its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 35.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,225 shares of the basic materials company’s stock after selling 48,729 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Alamos Gold were worth $2,368,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Addenda Capital Inc. grew its position in shares of Alamos Gold by 12.3% in the second quarter. Addenda Capital Inc. now owns 1,944,928 shares of the basic materials company’s stock valued at $51,657,000 after purchasing an additional 212,918 shares during the last quarter. Calamos Wealth Management LLC bought a new stake in Alamos Gold in the 2nd quarter valued at $3,070,000. Y Intercept Hong Kong Ltd acquired a new position in Alamos Gold in the 2nd quarter valued at $1,502,000. PCJ Investment Counsel Ltd. grew its holdings in Alamos Gold by 37.9% in the 2nd quarter. PCJ Investment Counsel Ltd. now owns 85,740 shares of the basic materials company’s stock valued at $2,282,000 after buying an additional 23,560 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Alamos Gold by 20.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,444 shares of the basic materials company’s stock worth $390,000 after buying an additional 2,493 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Zacks Research cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. National Bankshares restated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Weiss Ratings upgraded shares of Alamos Gold from a “buy (b+)” rating to a “buy (a)” rating in a research report on Wednesday. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, September 16th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and an average target price of $41.00.

Alamos Gold Price Performance

Shares of AGI stock opened at $32.61 on Friday. The business has a fifty day simple moving average of $32.98 and a 200 day simple moving average of $29.09. The company has a market cap of $13.72 billion, a P/E ratio of 25.48, a P/E/G ratio of 0.50 and a beta of 0.50. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a twelve month low of $17.80 and a twelve month high of $37.54.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.The firm had revenue of $462.30 million during the quarter, compared to the consensus estimate of $490.96 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up 28.1% on a year-over-year basis. On average, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.025 dividend. The ex-dividend date is 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 (DPR) is currently 7.81%.

Alamos Gold 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.