Moran Wealth Management LLC Sells 7,968 Shares of Alamos Gold Inc. (NYSE:AGI)

Moran Wealth Management LLC lowered its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,229 shares of the basic materials company’s stock after selling 7,968 shares during the quarter. Moran Wealth Management LLC’s holdings in Alamos Gold were worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after buying an additional 856 shares during the last quarter. R Squared Ltd purchased a new position in Alamos Gold during the 4th quarter worth $61,000. Plato Investment Management Ltd acquired a new position in Alamos Gold during the 3rd quarter valued at about $147,000. Finally, XTX Topco Ltd purchased a new stake in Alamos Gold in the third quarter valued at about $207,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 3.9 %

Shares of AGI stock opened at $23.96 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $24.59. The firm has a market capitalization of $10.07 billion, a PE ratio of 34.72, a P/E/G ratio of 0.40 and a beta of 1.15. The stock’s 50-day simple moving average is $21.41 and its 200-day simple moving average is $20.11.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Equities analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.42%. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AGI shares. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company 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 report on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $26.06.

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.