Fiera Capital Corp Has $15.95 Million Holdings in Alamos Gold Inc. $AGI

Fiera Capital Corp cut its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 412,867 shares of the basic materials company’s stock after selling 101,470 shares during the quarter. Fiera Capital Corp’s holdings in Alamos Gold were worth $15,948,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in Alamos Gold in the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC lifted its stake in Alamos Gold by 62.8% in the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after buying an additional 251 shares during the period. Bayforest Capital Ltd acquired a new position in Alamos Gold in the fourth quarter valued at approximately $44,000. EverSource Wealth Advisors LLC lifted its stake in Alamos Gold by 69.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after buying an additional 581 shares during the period. Finally, State of Wyoming acquired a new position in Alamos Gold in the fourth quarter valued at approximately $71,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AGI shares. Weiss Ratings downgraded Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wall Street Zen downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $50.67.

Alamos Gold Trading Up 0.9%

Shares of Alamos Gold stock opened at $35.82 on Tuesday. The stock has a fifty day simple moving average of $42.82 and a 200 day simple moving average of $42.10. Alamos Gold Inc. has a 12-month low of $23.92 and a 12-month high of $55.41. The company has a market capitalization of $15.04 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 0.46 and a beta of 0.49. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05.

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

Alamos Gold Announces Dividend

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

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.