Alamos Gold Inc. $AGI Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC cut its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 35.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,635 shares of the basic materials company’s stock after selling 40,948 shares during the period. Calamos Wealth Management LLC’s holdings in Alamos Gold were worth $2,602,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Alamos Gold in the second quarter valued at about $144,808,000. Geode Capital Management LLC increased its stake in shares of Alamos Gold by 639.2% during the 2nd quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock worth $91,379,000 after purchasing an additional 2,923,478 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Alamos Gold by 29.3% during the 2nd quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock worth $296,623,000 after purchasing an additional 2,521,347 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Alamos Gold by 32.3% in the 2nd quarter. Mackenzie Financial Corp now owns 8,979,615 shares of the basic materials company’s stock valued at $238,990,000 after buying an additional 2,192,593 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after buying an additional 1,227,695 shares during the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Stock Up 0.5%

AGI opened at $39.09 on Wednesday. Alamos Gold Inc. has a 12 month low of $17.99 and a 12 month high of $40.98. The business has a 50-day moving average of $35.07 and a two-hundred day moving average of $31.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33. The stock has a market capitalization of $16.41 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 0.55 and a beta of 0.63.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The business had revenue of $462.30 million for the quarter, compared to analysts’ expectations of $490.96 million. During the same period last year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 28.1% on a year-over-year basis. On average, research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, December 4th. Alamos Gold’s dividend payout ratio is presently 7.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AGI shares. BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, September 16th. Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Bank of America upped their target price on shares of Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 16th. TD Securities reiterated a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. Finally, Zacks Research lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $43.00.

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.