Triasima Portfolio Management inc. Sells 207,630 Shares of Alamos Gold Inc. $AGI

Triasima Portfolio Management inc. lessened its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 47.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 227,734 shares of the basic materials company’s stock after selling 207,630 shares during the period. Alamos Gold comprises approximately 1.2% of Triasima Portfolio Management inc.’s holdings, making the stock its 25th biggest position. Triasima Portfolio Management inc.’s holdings in Alamos Gold were worth $7,940,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Alamos Gold by 20.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,444 shares of the basic materials company’s stock worth $390,000 after acquiring an additional 2,493 shares during the last quarter. Addenda Capital Inc. raised its holdings in Alamos Gold by 12.3% in the 2nd quarter. Addenda Capital Inc. now owns 1,944,928 shares of the basic materials company’s stock worth $51,657,000 after purchasing an additional 212,918 shares during the period. Calamos Wealth Management LLC purchased a new position in Alamos Gold during the second quarter valued at $3,070,000. Y Intercept Hong Kong Ltd bought a new stake in Alamos Gold during the second quarter valued at about $1,502,000. Finally, PCJ Investment Counsel Ltd. increased its position in 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 worth $2,282,000 after buying an additional 23,560 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AGI shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $49.00 price objective on shares of Alamos Gold in a research report on Sunday, December 7th. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. Finally, Bank of America lifted their target price on shares of Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $43.00.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $40.64 on Tuesday. The stock has a 50 day moving average of $37.65 and a 200 day moving average of $32.69. Alamos Gold Inc. has a 12 month low of $19.68 and a 12 month high of $43.87. The firm has a market cap of $17.06 billion, a PE ratio of 31.72, a PEG ratio of 0.37 and a beta of 0.63. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data 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. The business had revenue of $462.30 million for the quarter, compared to analysts’ expectations of $490.96 million. Alamos Gold had a return on equity of 12.36% and a net margin of 33.46%.The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS. On average, research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.10 annualized dividend and a yield of 0.2%. Alamos Gold’s dividend payout ratio (DPR) is 7.81%.

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.