FNY Investment Advisers LLC Lowers Holdings in Alamos Gold Inc. $AGI

FNY Investment Advisers LLC decreased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 75.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the basic materials company’s stock after selling 18,650 shares during the quarter. FNY Investment Advisers LLC’s holdings in Alamos Gold were worth $231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Alamos Gold by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company’s stock valued at $600,712,000 after buying an additional 524,263 shares during the period. Intact Investment Management Inc. boosted its stake in Alamos Gold by 3.8% during the third quarter. Intact Investment Management Inc. now owns 657,696 shares of the basic materials company’s stock worth $22,928,000 after buying an additional 24,330 shares during the period. Caldwell Investment Management Ltd. boosted its stake in Alamos Gold by 143.5% during the third quarter. Caldwell Investment Management Ltd. now owns 168,000 shares of the basic materials company’s stock worth $5,818,000 after buying an additional 99,000 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Alamos Gold by 29.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,468,980 shares of the basic materials company’s stock valued at $51,192,000 after acquiring an additional 336,200 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Alamos Gold by 2,652.7% during the third quarter. SBI Securities Co. Ltd. now owns 55,411 shares of the basic materials company’s stock valued at $1,932,000 after acquiring an additional 53,398 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $49.00 target price on shares of Alamos Gold in a report on Sunday, December 7th. Weiss Ratings reissued a “buy (a)” rating on shares of Alamos Gold in a research report on Monday, December 29th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Scotiabank lifted their price objective on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $50.67.

Alamos Gold Trading Down 0.2%

Shares of AGI stock opened at $45.94 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.00. The stock has a market capitalization of $19.29 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 0.63 and a beta of 0.63. The company has a 50 day moving average price of $45.09 and a 200 day moving average price of $39.03. Alamos Gold Inc. has a fifty-two week low of $23.49 and a fifty-two week high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The company had revenue of $575.30 million for the quarter, compared to analyst estimates of $596.18 million. During the same period in the prior year, the business earned $0.25 EPS. The firm’s quarterly revenue was up 53.1% on a year-over-year basis. Equities research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $0.04 dividend. The ex-dividend date was Thursday, March 12th. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. Alamos Gold’s payout ratio is 7.62%.

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.