Alamos Gold Inc. (NYSE:AGI) Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC cut its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 55.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,472 shares of the basic materials company's stock after selling 85,598 shares during the quarter. Sowell Financial Services LLC's holdings in Alamos Gold were worth $1,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Amundi raised its stake in Alamos Gold by 19.1% in the 4th quarter. Amundi now owns 1,611,367 shares of the basic materials company's stock worth $31,148,000 after purchasing an additional 257,859 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Alamos Gold in the 4th quarter valued at approximately $645,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Alamos Gold by 16.8% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 44,833 shares of the basic materials company's stock worth $827,000 after acquiring an additional 6,458 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $4,495,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Alamos Gold in the 4th quarter valued at $28,950,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Performance

AGI traded up $0.26 during midday trading on Friday, reaching $25.13. The company had a trading volume of 3,467,114 shares, compared to its average volume of 2,300,621. Alamos Gold Inc. has a 12-month low of $13.06 and a 12-month high of $25.33. The business has a 50-day moving average price of $21.65 and a two-hundred day moving average price of $20.18. The stock has a market cap of $10.56 billion, a PE ratio of 36.41, a P/E/G ratio of 0.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

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Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million for the quarter, compared to analysts' expectations of $388.06 million. On average, sell-side analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.

Analyst Ratings Changes

A number of research firms have recently commented on AGI. Royal Bank of Canada increased their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $26.06.

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.