Evergreen Capital Management LLC Sells 30,345 Shares of Alamos Gold Inc. $AGI

Evergreen Capital Management LLC cut its stake in Alamos Gold Inc. (NYSE:AGIFree Report) (TSE:AGI) by 21.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,346 shares of the basic materials company’s stock after selling 30,345 shares during the quarter. Evergreen Capital Management LLC’s holdings in Alamos Gold were worth $3,812,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Group Inc. grew its position in Alamos Gold by 0.5% in the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 72,121 shares of the basic materials company’s stock worth $2,514,000 after purchasing an additional 390 shares during the period. Williamson Legacy Group LLC boosted its stake in shares of Alamos Gold by 0.7% in the 2nd quarter. Williamson Legacy Group LLC now owns 57,228 shares of the basic materials company’s stock worth $1,520,000 after buying an additional 400 shares during the last quarter. StoneX Group Inc. grew its holdings in shares of Alamos Gold by 1.8% in the second quarter. StoneX Group Inc. now owns 26,083 shares of the basic materials company’s stock worth $693,000 after acquiring an additional 455 shares during the period. Baird Financial Group Inc. grew its holdings in shares of Alamos Gold by 0.3% in the second quarter. Baird Financial Group Inc. now owns 212,838 shares of the basic materials company’s stock worth $5,653,000 after acquiring an additional 661 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in Alamos Gold by 1.2% during the third quarter. Harbor Investment Advisory LLC now owns 65,444 shares of the basic materials company’s stock valued at $2,282,000 after acquiring an additional 746 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold News Roundup

Here are the key news stories impacting Alamos Gold this week:

Alamos Gold Stock Down 3.3%

Shares of NYSE AGI opened at $38.95 on Friday. Alamos Gold Inc. has a 52-week low of $19.07 and a 52-week high of $43.87. The firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 0.36 and a beta of 0.63. The stock has a 50 day moving average price of $37.52 and a 200 day moving average price of $32.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.72.

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

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, December 4th. Alamos Gold’s dividend payout ratio is presently 7.81%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a research report on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $49.00 price target on shares of Alamos Gold in a research note on Sunday, December 7th. Bank of America boosted their price objective on Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Zacks Research lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Desjardins started coverage on Alamos Gold in a research note on Friday, November 28th. They set a “buy” rating for the company. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $43.00.

Read Our Latest Analysis on AGI

Alamos Gold Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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