BNP Paribas Financial Markets Decreases Stake in Alamos Gold Inc. (NYSE:AGI)

BNP Paribas Financial Markets lessened its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 27.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,132 shares of the basic materials company’s stock after selling 7,652 shares during the period. BNP Paribas Financial Markets’ holdings in Alamos Gold were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AGI. CIBC Asset Management Inc boosted its holdings in shares of Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. Vanguard Group Inc. lifted its position in Alamos Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company’s stock worth $295,105,000 after buying an additional 279,280 shares in the last quarter. Generate Investment Management Ltd boosted its stake in Alamos Gold by 120.8% during the fourth quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company’s stock worth $15,101,000 after buying an additional 448,074 shares during the last quarter. Accordant Advisory Group Inc acquired a new position in Alamos Gold during the fourth quarter worth $699,000. Finally, Compound Global Advisors LLC purchased a new stake in Alamos Gold in the 4th quarter valued at $680,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Up 2.2%

Shares of NYSE:AGI opened at $26.26 on Monday. The company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 12-month low of $15.01 and a 12-month high of $31.00. The business has a 50-day moving average price of $26.72 and a 200 day moving average price of $22.68. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $324.98 million. During the same period last year, the business earned $0.13 EPS. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. Sell-side analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold’s payout ratio is currently 16.13%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Bank of America reduced their target price on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada boosted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Finally, Scotiabank restated an “outperform” rating on shares of Alamos Gold in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.38.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.