Fiera Capital Corp Sells 101,470 Shares of Alamos Gold Inc. $AGI

Fiera Capital Corp lowered its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 19.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 412,867 shares of the basic materials company’s stock after selling 101,470 shares during the period. Fiera Capital Corp owned approximately 0.10% of Alamos Gold worth $15,948,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new position in Alamos Gold in the fourth quarter valued at about $25,000. Clearstead Advisors LLC grew its position in Alamos Gold by 62.8% in the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 251 shares during the last quarter. Bayforest Capital Ltd bought a new position in Alamos Gold in the fourth quarter valued at about $44,000. EverSource Wealth Advisors LLC grew its position in Alamos Gold by 69.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 581 shares during the last quarter. Finally, State of Wyoming bought a new position in Alamos Gold in the fourth quarter valued at about $71,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE:AGI opened at $35.82 on Tuesday. The stock has a market cap of $15.04 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 0.46 and a beta of 0.49. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average is $42.82 and its 200-day moving average is $42.10. Alamos Gold Inc. has a 1-year low of $23.92 and a 1-year high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $596.70 million for the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. Equities research analysts anticipate that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and a consensus target price of $50.67.

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.