DJE Kapital AG Sells 80,940 Shares of Alamos Gold Inc. $AGI

DJE Kapital AG cut its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 31.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 178,230 shares of the basic materials company’s stock after selling 80,940 shares during the period. DJE Kapital AG’s holdings in Alamos Gold were worth $6,951,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in shares of Alamos Gold in the fourth quarter valued at $25,000. Clearstead Advisors LLC grew its stake in shares of 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 in the last quarter. Bayforest Capital Ltd bought a new position in shares of Alamos Gold in the fourth quarter valued at $44,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 in the last quarter. Finally, State of Wyoming bought a new position in shares of Alamos Gold in the fourth quarter valued at $71,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Trading Up 4.4%

AGI stock opened at $34.47 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. The company has a fifty day moving average price of $42.30 and a two-hundred day moving average price of $42.13. Alamos Gold Inc. has a one year low of $23.92 and a one year high of $55.41. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 0.43 and a beta of 0.49.

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

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 11th. Alamos Gold’s payout ratio is 6.37%.

Wall Street Analysts Forecast Growth

AGI has been the subject of several analyst reports. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings cut shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Alamos Gold currently has an average 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.