Alamos Gold Inc. $AGI Holdings Decreased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. cut its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 57.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,836 shares of the basic materials company’s stock after selling 20,164 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Alamos Gold were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Alamos Gold during the second quarter worth $144,808,000. Geode Capital Management LLC boosted its holdings in shares of Alamos Gold by 639.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock valued at $91,379,000 after buying an additional 2,923,478 shares during the period. CIBC Asset Management Inc grew its position in shares of Alamos Gold by 29.3% during the 2nd quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock valued at $296,623,000 after buying an additional 2,521,347 shares during the last quarter. Mackenzie Financial Corp raised its stake in Alamos Gold by 32.3% during the second quarter. Mackenzie Financial Corp now owns 8,979,615 shares of the basic materials company’s stock worth $238,990,000 after acquiring an additional 2,192,593 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Alamos Gold by 105.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after acquiring an additional 1,227,695 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AGI. Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 15th. Desjardins began coverage on Alamos Gold in a research report on Friday, November 28th. They set a “buy” rating for the company. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research note on Thursday, October 23rd. Bank of America raised their target price on Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and an average price target of $43.00.

Alamos Gold Stock Up 5.3%

AGI opened at $40.50 on Tuesday. Alamos Gold Inc. has a 12 month low of $17.80 and a 12 month high of $40.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33. The stock has a market cap of $17.00 billion, a P/E ratio of 31.64, a P/E/G ratio of 0.54 and a beta of 0.63. The stock’s 50 day moving average price is $34.45 and its 200 day moving average price is $30.78.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Alamos Gold had a return on equity of 12.36% and a net margin of 33.46%.The company had revenue of $462.30 million during the quarter, compared to analyst estimates of $490.96 million. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. As a group, research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, December 4th. Alamos Gold’s dividend payout ratio is currently 7.81%.

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.