Alamos Gold Inc. $AGI Shares Sold by General American Investors Co. Inc.

General American Investors Co. Inc. trimmed its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 12.4% in the first quarter, Holdings Channel reports. The firm owned 211,219 shares of the basic materials company’s stock after selling 30,000 shares during the period. General American Investors Co. Inc.’s holdings in Alamos Gold were worth $9,384,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. U S Global Investors Inc. lifted its stake in shares of Alamos Gold by 474.3% during the first quarter. U S Global Investors Inc. now owns 201,021 shares of the basic materials company’s stock worth $8,931,000 after purchasing an additional 166,021 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Alamos Gold by 16.5% during the 1st quarter. Kestra Advisory Services LLC now owns 5,143 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 728 shares in the last quarter. Lee Danner & Bass Inc. boosted its holdings in Alamos Gold by 1,200.0% in the 1st quarter. Lee Danner & Bass Inc. now owns 260,000 shares of the basic materials company’s stock worth $11,552,000 after acquiring an additional 240,000 shares during the period. K.J. Harrison & Partners Inc purchased a new stake in shares of Alamos Gold during the first quarter valued at approximately $434,000. Finally, Oxbow Advisors LLC lifted its position in shares of Alamos Gold by 240.5% during the first quarter. Oxbow Advisors LLC now owns 199,132 shares of the basic materials company’s stock worth $8,847,000 after purchasing an additional 140,658 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AGI has been the topic of several analyst reports. Wall Street Zen downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Bank of America dropped their target price on Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank Of Canada cut their price target on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Finally, Weiss Ratings lowered Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Ten investment analysts have rated the stock with 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 “Moderate Buy” and a consensus price target of $47.50.

Alamos Gold Stock Down 1.5%

AGI traded down $0.44 during trading on Friday, hitting $29.44. The company had a trading volume of 3,272,678 shares, compared to its average volume of 5,092,783. Alamos Gold Inc. has a 1-year low of $23.92 and a 1-year high of $55.41. 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 market cap of $12.34 billion, a PE ratio of 11.73, a P/E/G ratio of 0.38 and a beta of 0.55. The business has a 50-day moving average of $36.53 and a 200-day moving average of $41.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $596.70 million during the quarter, compared to analyst estimates of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm’s revenue for the quarter was up 79.2% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. As a group, analysts forecast that Alamos Gold Inc. will post 2.19 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is 6.37%.

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.