Oppenheimer & Close LLC Sells 63,140 Shares of Alamos Gold Inc. $AGI

Oppenheimer & Close LLC trimmed its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 27.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,965 shares of the basic materials company’s stock after selling 63,140 shares during the quarter. Alamos Gold makes up approximately 4.0% of Oppenheimer & Close LLC’s portfolio, making the stock its 6th largest position. Oppenheimer & Close LLC’s holdings in Alamos Gold were worth $5,961,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AGI. Jupiter Asset Management Ltd. grew its stake in Alamos Gold by 17.8% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,683,814 shares of the basic materials company’s stock valued at $58,705,000 after acquiring an additional 254,992 shares in the last quarter. Pekin Hardy Strauss Inc. raised its position in Alamos Gold by 1.4% during the third quarter. Pekin Hardy Strauss Inc. now owns 263,844 shares of the basic materials company’s stock valued at $9,200,000 after acquiring an additional 3,747 shares in the last quarter. Fiera Capital Corp increased its position in Alamos Gold by 3.3% during the third quarter. Fiera Capital Corp now owns 514,337 shares of the basic materials company’s stock worth $17,922,000 after buying an additional 16,358 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Alamos Gold by 3,562.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 135,500 shares of the basic materials company’s stock valued at $4,724,000 after acquiring an additional 131,800 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Alamos Gold by 3.1% during the third quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company’s stock valued at $600,712,000 after purchasing an additional 524,263 shares during the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AGI has been the subject of several research analyst reports. TD Securities reissued a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Zacks Research lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Weiss Ratings reissued a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Finally, Desjardins assumed coverage on shares of Alamos Gold in a research report on Friday, November 28th. They set a “buy” rating for the company. Two investment analysts have 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. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $45.50.

Alamos Gold Stock Up 4.6%

Shares of AGI opened at $47.95 on Friday. The business’s fifty day moving average price is $41.09 and its two-hundred day moving average price is $35.42. The firm has a market capitalization of $20.13 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 0.45 and a beta of 0.61. Alamos Gold Inc. has a 52 week low of $22.03 and a 52 week high of $48.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 2.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The company had revenue of $575.30 million for the quarter, compared to analyst estimates of $596.18 million. During the same quarter last year, the firm earned $0.25 EPS. The company’s revenue for the quarter was up 53.1% on a year-over-year basis. On average, analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, March 12th. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio (DPR) is 4.76%.

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.