TD Asset Management Inc Sells 261,318 Shares of Alamos Gold Inc. $AGI

TD Asset Management Inc reduced its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,880,194 shares of the basic materials company’s stock after selling 261,318 shares during the quarter. TD Asset Management Inc owned approximately 0.45% of Alamos Gold worth $72,698,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AGI. Atlantic Union Bankshares Corp bought a new stake in Alamos Gold during the fourth quarter worth $25,000. Clearstead Advisors LLC lifted its holdings in Alamos Gold by 62.8% during the fourth 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 period. Bayforest Capital Ltd bought a new stake in Alamos Gold during the fourth quarter worth $44,000. EverSource Wealth Advisors LLC lifted its holdings in Alamos Gold by 69.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 581 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in Alamos Gold by 93.2% during the third quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 2,307 shares during the period. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Performance

NYSE:AGI opened at $35.45 on Friday. 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 Inc. has a 52-week low of $23.92 and a 52-week high of $55.41. The firm has a market cap of $14.89 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 0.50 and a beta of 0.49. The business’s fifty day moving average is $42.92 and its 200 day moving average is $42.03.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business 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 earned $0.14 earnings per share. The firm’s revenue was up 79.2% on a year-over-year basis. Research analysts predict that Alamos Gold Inc. will post 2.46 EPS for the current year.

Alamos Gold Dividend Announcement

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

Wall Street Analyst Weigh In

AGI has been the topic of a number of recent analyst reports. Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Scotiabank boosted their target price on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Finally, Weiss Ratings lowered Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One 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. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price 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.