Alamos Gold Inc. (NYSE:AGI) Shares Sold by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL cut its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 50.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,850 shares of the basic materials company’s stock after selling 16,250 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Alamos Gold were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its stake in shares of Alamos Gold by 131.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company’s stock valued at $1,434,000 after buying an additional 55,352 shares in the last quarter. National Bank of Canada FI boosted its holdings in Alamos Gold by 3.4% in the first quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company’s stock valued at $21,824,000 after purchasing an additional 45,412 shares during the period. Vanguard Group Inc. boosted its holdings in Alamos Gold by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 14,419,042 shares of the basic materials company’s stock valued at $194,224,000 after purchasing an additional 216,280 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Alamos Gold by 71.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock valued at $97,183,000 after purchasing an additional 2,756,759 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Alamos Gold by 66.2% in the first quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock valued at $2,829,000 after purchasing an additional 76,379 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday. Royal Bank of Canada lifted their price target on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday. Jefferies Financial Group lifted their price target on Alamos Gold from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Scotiabank lifted their price target on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.31.

Alamos Gold Stock Performance

Alamos Gold stock opened at $18.70 on Wednesday. Alamos Gold Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $20.24. The company has a market capitalization of $7.85 billion, a P/E ratio of 35.96, a PEG ratio of 0.78 and a beta of 1.18. The stock has a 50-day simple moving average of $17.87 and a 200-day simple moving average of $16.02.

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

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.53%. The ex-dividend date is Thursday, September 12th. Alamos Gold’s dividend payout ratio (DPR) is presently 19.23%.

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.