Rockefeller Capital Management L.P. Raises Stock Holdings in Alamos Gold Inc. $AGI

Rockefeller Capital Management L.P. increased its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4,647.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,921 shares of the basic materials company’s stock after purchasing an additional 57,680 shares during the period. Rockefeller Capital Management L.P.’s holdings in Alamos Gold were worth $2,273,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AGI. Atlantic Union Bankshares Corp bought a new stake in Alamos Gold during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC increased its holdings in shares of Alamos Gold by 62.7% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after buying an additional 251 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Alamos Gold by 44.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after buying an additional 222 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Alamos Gold during the 4th quarter valued at $44,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Alamos Gold by 69.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after buying an additional 581 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AGI. Bank of America dropped their price objective on shares of Alamos Gold from $57.00 to $50.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings downgraded Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Alamos Gold has a consensus rating of “Buy” and an average target price of $53.00.

Alamos Gold Trading Down 1.8%

AGI stock opened at $30.76 on Tuesday. The company has a market capitalization of $12.90 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 0.42 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01. Alamos Gold Inc. has a one year low of $23.92 and a one year high of $55.41. The company’s 50 day moving average price is $39.11 and its two-hundred day moving average price is $41.94.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The company had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. During the same quarter in the prior year, the company earned $0.14 EPS. The firm’s revenue was up 79.2% on a year-over-year basis. As a group, analysts predict that Alamos Gold Inc. will post 2.38 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.16 annualized dividend and a yield of 0.5%. Alamos Gold’s payout ratio is currently 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.