Easterly Investment Partners LLC Sells 49,886 Shares of Alamos Gold Inc. $AGI

Easterly Investment Partners LLC reduced its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 33.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 100,657 shares of the basic materials company’s stock after selling 49,886 shares during the period. Easterly Investment Partners LLC’s holdings in Alamos Gold were worth $3,883,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AGI. Van ECK Associates Corp raised its stake in Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock worth $1,587,666,000 after buying an additional 11,876,324 shares in the last quarter. Norges Bank bought a new position in Alamos Gold in the fourth quarter worth about $219,475,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Alamos Gold during the 4th quarter valued at $72,410,000. Bank of America Corp DE boosted its holdings in shares of Alamos Gold by 137.3% during the 3rd quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock valued at $91,492,000 after buying an additional 1,518,374 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Alamos Gold by 105.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after buying an additional 1,227,695 shares during the period. 64.33% of the stock is owned by institutional investors.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $40.88 on Monday. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The company has a 50 day simple moving average of $43.11 and a two-hundred day simple moving average of $41.92. The company has a market capitalization of $17.17 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.53 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business had revenue of $596.70 million during the quarter, compared to the consensus estimate of $612.35 million. During the same quarter last year, the firm earned $0.14 earnings per share. The business’s revenue for the quarter was up 79.2% on a year-over-year basis. Analysts expect that Alamos Gold Inc. will post 2.46 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Alamos Gold’s dividend payout ratio (DPR) is currently 6.37%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Scotiabank increased their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 6th. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. One equities research 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $50.67.

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.