Beutel Goodman & Co Ltd. Cuts Holdings in Alamos Gold Inc. $AGI

Beutel Goodman & Co Ltd. reduced its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 27.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,385,338 shares of the basic materials company’s stock after selling 917,990 shares during the quarter. Beutel Goodman & Co Ltd. owned approximately 0.57% of Alamos Gold worth $63,317,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Ameritas Advisory Services LLC bought a new position in shares of Alamos Gold during the 2nd quarter valued at approximately $30,000. Banque Transatlantique SA bought a new position in Alamos Gold in the 1st quarter worth approximately $31,000. SVB Wealth LLC purchased a new stake in shares of Alamos Gold during the first quarter worth $67,000. Bessemer Group Inc. bought a new stake in shares of Alamos Gold during the 2nd quarter valued at $90,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Alamos Gold in the second quarter valued at approximately $98,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Up 0.9%

NYSE:AGI opened at $36.14 on Friday. Alamos Gold Inc. has a one year low of $17.80 and a one year high of $38.00. The business has a fifty day moving average price of $33.62 and a 200-day moving average price of $29.75. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 0.50 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $462.30 million for the quarter, compared to the consensus estimate of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The company’s revenue was up 28.1% on a year-over-year basis. During the same period last year, the firm earned $0.19 EPS. Sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, December 4th. Alamos Gold’s payout ratio is currently 7.81%.

Wall Street Analyst Weigh In

Several research firms recently commented on AGI. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. TD Securities restated a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “buy (a)” rating on shares of Alamos Gold in a report on Monday. Finally, Wall Street Zen raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and a consensus price target of $41.00.

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.