Sei Investments Co. Sells 30,941 Shares of Alamos Gold Inc. $AGI

Sei Investments Co. decreased its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,261 shares of the basic materials company’s stock after selling 30,941 shares during the period. Sei Investments Co.’s holdings in Alamos Gold were worth $11,963,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in Alamos Gold during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC increased its stake in Alamos Gold by 62.7% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 251 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Alamos Gold by 44.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 222 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of Alamos Gold during the 1st quarter worth approximately $35,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Alamos Gold during the 4th quarter worth approximately $44,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Bank of America lowered their price objective on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Jefferies Financial Group lowered their price objective on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Finally, Weiss Ratings cut shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Alamos Gold Stock Performance

NYSE:AGI opened at $27.83 on Friday. The stock’s fifty day moving average is $32.84 and its 200 day moving average is $40.28. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The firm has a market capitalization of $11.65 billion, a PE ratio of 10.05, a PEG ratio of 0.36 and a beta of 0.55. 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 issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $594.10 million during the quarter, compared to the consensus estimate of $593.58 million. Alamos Gold had a return on equity of 19.77% and a net margin of 52.64%.Alamos Gold’s revenue was up 35.6% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 2.19 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is 5.78%.

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.