BNP Paribas Financial Markets Decreases Holdings in Alamos Gold Inc. (NYSE:AGI)

BNP Paribas Financial Markets lessened its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,784 shares of the basic materials company’s stock after selling 2,841 shares during the quarter. BNP Paribas Financial Markets’ holdings in Alamos Gold were worth $554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGI. Hara Capital LLC bought a new stake in shares of Alamos Gold in the 3rd quarter valued at approximately $47,000. Daiwa Securities Group Inc. bought a new position in Alamos Gold in the 2nd quarter valued at about $48,000. Employees Retirement System of Texas bought a new stake in Alamos Gold during the second quarter worth approximately $88,000. Eastern Bank bought a new position in Alamos Gold during the third quarter valued at about $111,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Alamos Gold in the 3rd quarter worth approximately $147,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

AGI opened at $19.11 on Friday. The stock’s 50 day simple moving average is $19.48 and its 200-day simple moving average is $18.37. The stock has a market cap of $8.03 billion, a PE ratio of 31.85, a P/E/G ratio of 0.93 and a beta of 1.15. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The company had revenue of $360.90 million during the quarter. Sell-side analysts forecast that Alamos Gold Inc. will post 0.77 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s dividend payout ratio is currently 16.67%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AGI shares. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Jefferies Financial Group increased their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Scotiabank raised their price target 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. Royal Bank of Canada increased their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alamos Gold currently has an average rating of “Buy” and a consensus target price of $25.06.

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.