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

General American Investors Co. Inc. cut its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 48.9% in the fourth quarter, HoldingsChannel reports. The firm owned 241,219 shares of the basic materials company’s stock after selling 231,219 shares during the period. General American Investors Co. Inc.’s holdings in Alamos Gold were worth $9,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in Alamos Gold during the fourth quarter valued at $25,000. Clearstead Advisors LLC lifted its position in Alamos Gold by 62.8% during the fourth 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 period. Smartleaf Asset Management LLC lifted its position in Alamos Gold by 44.4% during the fourth 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 period. Bayforest Capital Ltd acquired a new position in shares of Alamos Gold in the fourth quarter worth about $44,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Alamos Gold by 69.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 581 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Up 2.0%

Shares of Alamos Gold stock opened at $35.16 on Friday. The firm has a 50-day simple moving average of $42.09 and a two-hundred day simple moving average of $42.08. The company has a market cap of $14.74 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 0.45 and a beta of 0.49. 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 quick ratio of 1.61 and a current ratio of 2.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $596.70 million during 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%. The company’s revenue was up 79.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, equities analysts predict that Alamos Gold Inc. will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, June 11th. Alamos Gold’s dividend payout ratio is 6.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. 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. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and an average price target 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.