Mudita Advisors LLP Sells 190,700 Shares of Alamos Gold Inc. $AGI

Mudita Advisors LLP lowered its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 39.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,104 shares of the basic materials company’s stock after selling 190,700 shares during the quarter. Alamos Gold accounts for approximately 2.9% of Mudita Advisors LLP’s portfolio, making the stock its 11th largest position. Mudita Advisors LLP’s holdings in Alamos Gold were worth $10,008,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of Alamos Gold by 23.4% during the 3rd quarter. Invesco Ltd. now owns 2,981,880 shares of the basic materials company’s stock valued at $103,948,000 after acquiring an additional 565,441 shares during the period. Barometer Capital Management Inc. acquired a new stake in Alamos Gold in the third quarter worth $10,493,000. Mackenzie Financial Corp grew its holdings in Alamos Gold by 6.3% in the third quarter. Mackenzie Financial Corp now owns 9,547,541 shares of the basic materials company’s stock worth $332,724,000 after purchasing an additional 567,926 shares during the period. Van ECK Associates Corp increased its stake in Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock valued at $1,587,666,000 after purchasing an additional 11,876,324 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Alamos Gold by 41.6% in the third quarter. Legal & General Group Plc now owns 2,594,846 shares of the basic materials company’s stock valued at $90,467,000 after purchasing an additional 762,115 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AGI shares. 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. Desjardins initiated coverage on Alamos Gold in a research report on Friday, November 28th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Scotiabank increased their price target on Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and an average target price of $45.50.

Alamos Gold Stock Down 3.0%

AGI traded down $1.46 during trading on Friday, hitting $47.06. 443,028 shares of the company’s stock were exchanged, compared to its average volume of 4,046,034. Alamos Gold Inc. has a fifty-two week low of $23.49 and a fifty-two week high of $55.41. The stock has a market cap of $19.76 billion, a P/E ratio of 22.40, a PEG ratio of 0.66 and a beta of 0.55. The business’s 50 day moving average is $44.47 and its two-hundred day moving average is $37.76. The company has a quick ratio of 1.60, a current ratio of 2.00 and a debt-to-equity ratio of 0.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $575.30 million during the quarter, compared to analysts’ expectations of $596.18 million. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The business’s revenue was up 53.1% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. As a group, equities analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.04 per share. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is presently 4.76%.

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.