Sumitomo Mitsui Trust Group Inc. Has $4.44 Million Stock Position in Alamos Gold Inc. $AGI

Sumitomo Mitsui Trust Group Inc. lowered its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 115,110 shares of the basic materials company’s stock after selling 11,518 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Alamos Gold were worth $4,441,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sheets Smith Wealth Management increased its position in shares of Alamos Gold by 1.3% in the fourth quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock valued at $775,000 after acquiring an additional 258 shares during the last quarter. Private Advisor Group LLC increased its position in Alamos Gold by 3.2% during the third quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock worth $340,000 after buying an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Alamos Gold by 4.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 9,232 shares of the basic materials company’s stock worth $322,000 after buying an additional 400 shares during the last quarter. Petra Financial Advisors Inc. increased its position in Alamos Gold by 1.9% during the fourth quarter. Petra Financial Advisors Inc. now owns 22,635 shares of the basic materials company’s stock worth $873,000 after buying an additional 425 shares during the last quarter. Finally, Mariner LLC increased its position in Alamos Gold by 1.1% during the third quarter. Mariner LLC now owns 47,973 shares of the basic materials company’s stock worth $1,672,000 after buying an additional 534 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $49.38 on Friday. The business’s 50 day moving average price is $46.60 and its two-hundred day moving average price is $40.11. The company has a market cap of $20.74 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 0.67 and a beta of 0.63. The company has a quick ratio of 1.60, a current ratio of 2.00 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a twelve month low of $23.75 and a twelve month high of $55.41.

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

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change 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 dividend payout ratio (DPR) is currently 7.62%.

Wall Street Analyst Weigh In

AGI has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings downgraded Alamos Gold from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, April 2nd. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Finally, Scotiabank boosted their price target on Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $50.67.

About Alamos Gold

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.