Aristotle Capital Boston LLC Sells 167,368 Shares of Alamos Gold Inc. $AGI

Aristotle Capital Boston LLC lessened its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 13.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,053,746 shares of the basic materials company’s stock after selling 167,368 shares during the period. Alamos Gold comprises 1.9% of Aristotle Capital Boston LLC’s holdings, making the stock its 12th biggest position. Aristotle Capital Boston LLC’s holdings in Alamos Gold were worth $36,734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGI. 1620 Investment Advisors Inc. bought a new position in Alamos Gold in the third quarter worth approximately $35,000. 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 buying an additional 581 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in Alamos Gold during the 2nd quarter valued at $98,000. Employees Retirement System of Texas purchased a new position in shares of Alamos Gold in the 2nd quarter valued at $112,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Alamos Gold by 528.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 3,757 shares during the period. 64.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AGI has been the subject of several recent research reports. Desjardins started coverage on Alamos Gold in a research report on Friday, November 28th. They issued a “buy” rating for the company. Scotiabank raised their price objective on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $45.50.

Alamos Gold Stock Performance

Shares of AGI stock opened at $45.81 on Friday. The business’s fifty day simple moving average is $44.62 and its 200-day simple moving average is $37.94. The company has a market cap of $19.23 billion, a PE ratio of 21.81, a PEG ratio of 0.61 and a beta of 0.55. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a 12-month low of $23.49 and a 12-month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. The firm had revenue of $575.30 million during the quarter, compared to analyst estimates of $596.18 million. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The business’s revenue for the quarter was up 53.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS. Analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, March 12th. Alamos Gold’s dividend payout ratio (DPR) is 7.62%.

Alamos Gold Company 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.