Alamos Gold Inc. $AGI Shares Sold by General American Investors Co. Inc.

General American Investors Co. Inc. lessened its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 12.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,219 shares of the basic materials company’s stock after selling 30,000 shares during the quarter. General American Investors Co. Inc. owned approximately 0.05% of Alamos Gold worth $9,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AGI. U S Global Investors Inc. grew its holdings in shares of Alamos Gold by 474.3% during the first quarter. U S Global Investors Inc. now owns 201,021 shares of the basic materials company’s stock worth $8,931,000 after buying an additional 166,021 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Alamos Gold by 16.5% during the first quarter. Kestra Advisory Services LLC now owns 5,143 shares of the basic materials company’s stock valued at $228,000 after buying an additional 728 shares during the period. Lee Danner & Bass Inc. boosted its position in Alamos Gold by 1,200.0% during the first quarter. Lee Danner & Bass Inc. now owns 260,000 shares of the basic materials company’s stock worth $11,552,000 after acquiring an additional 240,000 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in Alamos Gold in the 1st quarter worth approximately $434,000. Finally, Oxbow Advisors LLC grew its stake in Alamos Gold by 240.5% in the 1st quarter. Oxbow Advisors LLC now owns 199,132 shares of the basic materials company’s stock worth $8,847,000 after acquiring an additional 140,658 shares during the period. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AGI shares. Royal Bank Of Canada reduced their price target on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday. Bank of America dropped their target price on Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Weiss Ratings lowered Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group lowered their price target on Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a report on Monday, July 6th. Ten research analysts have rated the stock with a Buy rating and one has given 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 Trading Down 1.5%

Shares of AGI traded down $0.44 during mid-day trading on Friday, reaching $29.44. The company had a trading volume of 3,272,678 shares, compared to its average volume of 5,092,783. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The firm has a fifty day simple moving average of $36.53 and a 200-day simple moving average of $41.45. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55. 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 released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business had revenue of $596.70 million during the quarter, compared to the consensus estimate of $612.35 million. During the same period in the prior year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 79.2% on a year-over-year basis. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 2.19 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 11th. 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.