Alamos Gold Inc. (NYSE:AGI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,784 shares of the basic materials company’s stock after selling 2,841 shares during the period. BNP Paribas Financial Markets’ holdings in Alamos Gold were worth $554,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp lifted its holdings in Alamos Gold by 147.6% in the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after acquiring an additional 4,521,282 shares during the period. FMR LLC grew its holdings in Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Alamos Gold by 19.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after acquiring an additional 891,255 shares during the period. CIBC Asset Management Inc grew its stake in shares of Alamos Gold by 79.3% in the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after buying an additional 2,149,915 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Alamos Gold by 31.9% in the second quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock valued at $68,576,000 after purchasing an additional 1,058,000 shares during the period. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Scotiabank increased their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Jefferies Financial Group lifted their target price on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada lifted their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $25.06.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $19.11 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 0.93 and a beta of 1.15. The company’s 50-day moving average price is $19.48 and its 200 day moving average price is $18.37.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $360.90 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. As a group, research analysts forecast that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s dividend payout ratio is currently 16.67%.

About Alamos Gold

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.