Alamos Gold Inc. (NYSE:AGI) Stock Position Lessened by Evergreen Capital Management LLC

Evergreen Capital Management LLC reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 239,691 shares of the basic materials company’s stock after selling 3,680 shares during the quarter. Evergreen Capital Management LLC owned about 0.06% of Alamos Gold worth $3,758,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Epoch Investment Partners Inc. raised its position in shares of Alamos Gold by 120.4% during the 2nd quarter. Epoch Investment Partners Inc. now owns 194,965 shares of the basic materials company’s stock worth $3,057,000 after buying an additional 106,506 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in Alamos Gold by 140.4% during the second quarter. 1832 Asset Management L.P. now owns 1,470,777 shares of the basic materials company’s stock worth $23,062,000 after purchasing an additional 858,977 shares in the last quarter. Goehring & Rozencwajg Associates LLC lifted its position in Alamos Gold by 89.6% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,201,069 shares of the basic materials company’s stock worth $18,833,000 after purchasing an additional 567,706 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Alamos Gold by 18.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the basic materials company’s stock valued at $216,000 after purchasing an additional 2,141 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT bought a new position in Alamos Gold during the 2nd quarter valued at $1,367,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Up 1.1 %

NYSE:AGI opened at $21.04 on Tuesday. The stock has a fifty day simple moving average of $18.49 and a 200 day simple moving average of $16.52. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 40.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.18. Alamos Gold Inc. has a 1-year low of $10.78 and a 1-year high of $21.42.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The business’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. Equities analysts predict that Alamos Gold Inc. will post 0.75 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.48%. The ex-dividend date is Thursday, September 12th. Alamos Gold’s payout ratio is 19.23%.

Analyst Ratings Changes

A number of research firms have recently commented on AGI. Scotiabank boosted their price objective on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group upped their price target on shares of Alamos Gold from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, September 13th. National Bank Financial lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, Royal Bank of Canada boosted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alamos Gold presently has an average rating of “Moderate Buy” and an average target price of $23.81.

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.