Aristotle Capital Boston LLC Decreases Stake in Alamos Gold Inc. $AGI

Aristotle Capital Boston LLC cut its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 8.3% during the 4th quarter, HoldingsChannel reports. The firm owned 966,314 shares of the basic materials company’s stock after selling 87,432 shares during the period. Alamos Gold comprises 2.0% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 8th largest position. Aristotle Capital Boston LLC’s holdings in Alamos Gold were worth $37,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in shares of Alamos Gold by 44.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Alamos Gold by 2.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 229 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares during the last quarter. Sheets Smith Wealth Management grew its holdings in shares of Alamos Gold by 1.3% during the 4th quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock valued at $775,000 after purchasing an additional 258 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Alamos Gold by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock valued at $340,000 after purchasing an additional 300 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Trading Down 2.8%

AGI opened at $37.33 on Thursday. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. The firm has a market capitalization of $15.65 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.50 and a beta of 0.49. The company’s 50 day moving average price is $41.59 and its two-hundred day moving average price is $42.17.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm had revenue of $596.70 million for the quarter, compared to analyst estimates of $612.35 million. During the same period in the previous year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up 79.2% compared to the same quarter last year. As a group, research analysts predict that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 11th. Alamos Gold’s dividend payout ratio is currently 6.37%.

Analysts Set New Price Targets

AGI has been the topic of several research reports. Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Weiss Ratings lowered shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $50.67.

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.