Easterly Investment Partners LLC Sells 49,886 Shares of Alamos Gold Inc. $AGI

Easterly Investment Partners LLC cut its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 33.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,657 shares of the basic materials company’s stock after selling 49,886 shares during the period. Easterly Investment Partners LLC’s holdings in Alamos Gold were worth $3,883,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in Alamos Gold in the fourth quarter worth $219,475,000. Zweig DiMenna Associates LLC bought a new stake in Alamos Gold in the fourth quarter worth $10,050,000. Armor Advisors L.L.C. bought a new stake in Alamos Gold in the fourth quarter worth $9,577,000. Eurizon Capital SGR S.p.A. bought a new stake in Alamos Gold in the fourth quarter worth $2,537,000. Finally, Jupiter Asset Management Ltd. lifted its stake in Alamos Gold by 7.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,816,935 shares of the basic materials company’s stock worth $70,252,000 after purchasing an additional 133,121 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on AGI shares. Wall Street Zen downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Scotiabank upped their price objective on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $50.67.

Alamos Gold Stock Performance

Shares of NYSE:AGI opened at $40.88 on Monday. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.53 and a beta of 0.49. The company has a 50-day moving average price of $43.11 and a 200-day moving average price of $41.92. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $596.70 million during the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The company’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. As a group, equities analysts anticipate that Alamos Gold Inc. will post 2.46 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 11th. Alamos Gold’s dividend payout ratio is 6.37%.

About Alamos Gold

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.