Arrowstreet Capital Limited Partnership Sells 1,921,212 Shares of Alamos Gold Inc. $AGI

Arrowstreet Capital Limited Partnership decreased its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 21.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,173,842 shares of the basic materials company’s stock after selling 1,921,212 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Alamos Gold were worth $318,999,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGI. Vanguard Group Inc. boosted its position in Alamos Gold by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock worth $678,291,000 after buying an additional 332,335 shares during the period. Generate Investment Management Ltd increased its position in Alamos Gold by 14.3% in the 4th quarter. Generate Investment Management Ltd now owns 1,200,000 shares of the basic materials company’s stock valued at $46,296,000 after acquiring an additional 150,000 shares during the period. DJE Kapital AG raised its stake in shares of Alamos Gold by 66.2% during the first quarter. DJE Kapital AG now owns 296,236 shares of the basic materials company’s stock valued at $12,665,000 after acquiring an additional 118,006 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Alamos Gold by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,679,980 shares of the basic materials company’s stock valued at $74,757,000 after acquiring an additional 141,000 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Alamos Gold by 26.8% during the first quarter. Swiss National Bank now owns 1,413,236 shares of the basic materials company’s stock valued at $62,782,000 after acquiring an additional 298,900 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Analyst Ratings Changes

AGI has been the topic of several analyst reports. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada cut their target price on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Finally, Jefferies Financial Group cut their price objective on Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.

Alamos Gold Stock Performance

AGI opened at $29.59 on Friday. Alamos Gold Inc. has a 1-year low of $23.92 and a 1-year high of $55.41. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.38 and a beta of 0.55. The company’s fifty day moving average price is $33.90 and its two-hundred day moving average price is $40.71. 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 (NYSE:AGI) (TSE:AGI) last issued 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. The firm had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business’s revenue was up 79.2% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. On average, analysts expect that Alamos Gold Inc. will post 2.19 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Alamos Gold’s payout ratio is 6.37%.

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.