Alamos Gold Inc. $AGI is Amitell Capital Pte Ltd’s 3rd Largest Position

Amitell Capital Pte Ltd trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 23.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 186,831 shares of the basic materials company’s stock after selling 58,767 shares during the quarter. Alamos Gold makes up 4.0% of Amitell Capital Pte Ltd’s portfolio, making the stock its 3rd biggest holding. Amitell Capital Pte Ltd’s holdings in Alamos Gold were worth $6,513,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AGI. Y Intercept Hong Kong Ltd acquired a new position in Alamos Gold in the 2nd quarter valued at $1,502,000. PCJ Investment Counsel Ltd. grew its position in shares of Alamos Gold by 37.9% in the second quarter. PCJ Investment Counsel Ltd. now owns 85,740 shares of the basic materials company’s stock valued at $2,282,000 after purchasing an additional 23,560 shares during the period. Intact Investment Management Inc. grew its position in shares of Alamos Gold by 3.8% in the third quarter. Intact Investment Management Inc. now owns 657,696 shares of the basic materials company’s stock valued at $22,928,000 after purchasing an additional 24,330 shares during the period. Caldwell Investment Management Ltd. increased its stake in Alamos Gold by 143.5% in the third quarter. Caldwell Investment Management Ltd. now owns 168,000 shares of the basic materials company’s stock valued at $5,818,000 after purchasing an additional 99,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake 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 worth $600,712,000 after buying an additional 524,263 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Alamos Gold stock opened at $50.00 on Thursday. The stock has a market cap of $20.99 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 0.49 and a beta of 0.61. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a 52 week low of $22.03 and a 52 week high of $51.00. The stock has a 50 day moving average of $41.84 and a 200-day moving average of $35.91.

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

Alamos Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.3%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, March 12th. Alamos Gold’s dividend payout ratio (DPR) is currently 4.76%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AGI. Weiss Ratings reissued 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 target price on shares of Alamos Gold in a report on Sunday, December 7th. Zacks Research lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, TD Securities reiterated a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Alamos Gold has an average rating of “Buy” and a consensus target price of $45.50.

Alamos Gold Company 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.