Alamos Gold Inc. $AGI Stock Position Decreased by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. trimmed its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 82.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,079 shares of the basic materials company’s stock after selling 424,168 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Alamos Gold were worth $3,906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AGI. Van ECK Associates Corp raised its holdings in Alamos Gold by 35.3% during the 3rd quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock worth $1,587,666,000 after buying an additional 11,876,324 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Alamos Gold by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock worth $678,291,000 after buying an additional 332,335 shares during the period. Mackenzie Financial Corp increased its position in shares of 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 acquiring an additional 567,926 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Alamos Gold by 11.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock worth $351,072,000 after acquiring an additional 964,317 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Alamos Gold by 6.3% during the fourth quarter. CIBC Asset Management Inc now owns 8,716,153 shares of the basic materials company’s stock valued at $338,372,000 after acquiring an additional 514,819 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Trading Down 0.0%

NYSE:AGI opened at $31.58 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The stock’s 50-day moving average is $37.82 and its two-hundred day moving average is $41.71. The stock has a market cap of $13.24 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.55.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly 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. The business had revenue of $596.70 million during the quarter, compared to analyst estimates of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm’s revenue was up 79.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, equities research analysts forecast that Alamos Gold Inc. will post 2.35 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were given a $0.04 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Alamos Gold’s dividend payout ratio is presently 6.37%.

Wall Street Analyst Weigh In

Several brokerages recently commented on AGI. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Weiss Ratings cut shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Bank of America cut their target price on shares of Alamos Gold from $57.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Finally, Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Alamos Gold presently has an average rating of “Buy” and an average target price of $53.00.

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.