Calamos Wealth Management LLC Decreases Stock Holdings in Alamos Gold Inc. $AGI

Calamos Wealth Management LLC lowered its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 35.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 74,635 shares of the basic materials company’s stock after selling 40,948 shares during the quarter. Calamos Wealth Management LLC’s holdings in Alamos Gold were worth $2,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AGI. Ameritas Advisory Services LLC acquired a new stake in Alamos Gold in the 2nd quarter valued at $30,000. Banque Transatlantique SA acquired a new position in shares of Alamos Gold during the first quarter worth about $31,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Alamos Gold in the third quarter worth about $35,000. Bessemer Group Inc. acquired a new stake in shares of Alamos Gold in the second quarter valued at about $90,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Alamos Gold in the second quarter valued at about $98,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on AGI shares. BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research note on Thursday, October 23rd. Zacks Research cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. TD Securities restated a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Finally, Bank of America lifted their price target on shares of Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $43.00.

Alamos Gold Stock Performance

Alamos Gold stock opened at $39.09 on Wednesday. Alamos Gold Inc. has a 52 week low of $17.99 and a 52 week high of $40.98. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The stock has a market cap of $16.41 billion, a P/E ratio of 30.54, a price-to-earnings-growth ratio of 0.55 and a beta of 0.63. The stock has a 50 day moving average of $35.07 and a 200-day moving average of $31.32.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The business had revenue of $462.30 million during the quarter, compared to analyst estimates of $490.96 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year. On average, analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, December 4th. Alamos Gold’s dividend payout ratio is 7.81%.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.