Mitsubishi UFJ Trust & Banking Corp Has $684,000 Holdings in Alamos Gold Inc. $AGI

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 74.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,925 shares of the basic materials company’s stock after selling 52,962 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Alamos Gold were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AGI. Goldman Sachs Group Inc. lifted its position in Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after purchasing an additional 1,227,695 shares during the period. Empowered Funds LLC acquired a new position in Alamos Gold during the 1st quarter valued at about $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Alamos Gold by 129.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock valued at $27,111,000 after purchasing an additional 571,536 shares during the period. Qube Research & Technologies Ltd lifted its position in Alamos Gold by 375.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 980,474 shares of the basic materials company’s stock valued at $26,042,000 after purchasing an additional 774,111 shares during the period. Finally, Sei Investments Co. lifted its position in Alamos Gold by 6.9% during the 2nd quarter. Sei Investments Co. now owns 403,217 shares of the basic materials company’s stock valued at $10,709,000 after purchasing an additional 26,045 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

Shares of NYSE:AGI opened at $38.87 on Wednesday. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 0.50 and a beta of 0.50. The firm’s 50 day simple moving average is $46.27 and its 200 day simple moving average is $40.78. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.60. Alamos Gold Inc. has a fifty-two week low of $23.75 and a fifty-two week high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $596.70 million for 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%. Alamos Gold’s revenue for the quarter was up 79.2% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued 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 was Thursday, March 12th. This represents a $0.16 annualized dividend and a yield of 0.4%. Alamos Gold’s dividend payout ratio is 6.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AGI shares. Wall Street Zen downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Scotiabank increased their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Finally, Weiss Ratings downgraded shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $50.67.

Alamos Gold Company 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.