DekaBank Deutsche Girozentrale Sells 43,200 Shares of Alamos Gold Inc. (NYSE:AGI)

DekaBank Deutsche Girozentrale lowered its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 41.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,800 shares of the basic materials company’s stock after selling 43,200 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Alamos Gold were worth $991,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baldwin Brothers LLC MA bought a new stake in Alamos Gold in the 2nd quarter valued at $47,000. Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold in the second quarter valued at about $48,000. St. Johns Investment Management Company LLC acquired a new position in shares of Alamos Gold during the first quarter worth about $115,000. Coppell Advisory Solutions Corp. bought a new position in shares of Alamos Gold during the first quarter worth about $203,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Alamos Gold in the 4th quarter valued at approximately $216,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analysts Set New Price Targets

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

Alamos Gold Stock Performance

Alamos Gold stock opened at $20.30 on Friday. The stock has a 50-day simple moving average of $18.36 and a 200 day simple moving average of $16.37. The stock has a market capitalization of $8.10 billion, a P/E ratio of 39.04, a PEG ratio of 0.82 and a beta of 1.18. Alamos Gold Inc. has a 52 week low of $10.78 and a 52 week high of $21.14.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The company had revenue of $332.60 million during the quarter, compared to the consensus estimate of $282.78 million. During the same period in the previous year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. Research 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 announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th 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 0.49%. The ex-dividend date of this dividend is Thursday, September 12th. Alamos Gold’s dividend payout ratio is presently 19.23%.

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.