Goehring & Rozencwajg Associates LLC Lowers Holdings in Alamos Gold Inc. $AGI

Goehring & Rozencwajg Associates LLC decreased its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 33.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 780,651 shares of the basic materials company’s stock after selling 392,766 shares during the period. Alamos Gold makes up approximately 2.9% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 14th biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Alamos Gold were worth $30,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new stake in Alamos Gold in the 4th quarter valued at about $1,218,000. Allianz SE grew its holdings in Alamos Gold by 49.6% in the 4th quarter. Allianz SE now owns 82,430 shares of the basic materials company’s stock valued at $3,187,000 after buying an additional 27,325 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in Alamos Gold by 38.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 68,269 shares of the basic materials company’s stock valued at $2,636,000 after buying an additional 18,980 shares during the period. Federation des caisses Desjardins du Quebec grew its holdings in Alamos Gold by 8.6% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,346,575 shares of the basic materials company’s stock valued at $90,341,000 after buying an additional 186,221 shares during the period. Finally, Hohimer Wealth Management LLC grew its holdings in Alamos Gold by 42.5% in the 4th quarter. Hohimer Wealth Management LLC now owns 155,310 shares of the basic materials company’s stock valued at $5,992,000 after buying an additional 46,339 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 2.0%

Shares of NYSE:AGI opened at $35.16 on Friday. 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 Inc. has a 1 year low of $23.92 and a 1 year high of $55.41. The stock has a market capitalization of $14.74 billion, a P/E ratio of 14.01, a PEG ratio of 0.44 and a beta of 0.49. The stock has a 50-day simple moving average of $42.09 and a 200-day simple moving average of $42.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 79.2% on a year-over-year basis. Equities analysts forecast that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Alamos Gold’s payout ratio is presently 6.37%.

Analysts Set New Price Targets

Several analysts have commented on AGI shares. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $50.67.

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.