Generate Investment Management Ltd Has $33.32 Million Stock Holdings in Alamos Gold Inc. $AGI

Generate Investment Management Ltd trimmed its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 37.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 750,000 shares of the basic materials company’s stock after selling 450,000 shares during the quarter. Alamos Gold makes up 1.6% of Generate Investment Management Ltd’s holdings, making the stock its 13th biggest holding. Generate Investment Management Ltd owned about 0.18% of Alamos Gold worth $33,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. XML Financial LLC acquired a new stake in Alamos Gold during the 1st quarter valued at approximately $289,000. SG Americas Securities LLC bought a new stake in shares of Alamos Gold in the 1st quarter valued at $843,000. McAlvany Wealth Management LLC bought a new stake in shares of Alamos Gold in the 4th quarter valued at $3,471,000. Rockefeller Capital Management L.P. boosted its stake in shares of Alamos Gold by 4,647.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 58,921 shares of the basic materials company’s stock valued at $2,273,000 after purchasing an additional 57,680 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Alamos Gold during the fourth quarter worth $512,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Alamos Gold stock opened at $31.98 on Tuesday. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 0.47 and a beta of 0.49. Alamos Gold Inc. has a 52-week low of $23.92 and a 52-week high of $55.41. The stock’s 50 day moving average price is $40.86 and its two-hundred day moving average price is $42.12. 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 (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The company 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. On average, equities analysts predict that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.16 annualized dividend and a yield of 0.5%. Alamos Gold’s dividend payout ratio is currently 6.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AGI shares. 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. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Bank of America decreased their price target on Alamos Gold from $57.00 to $50.00 and set a “buy” rating for the company in a report on Monday. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $53.00.

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.