Rockefeller Capital Management L.P. Raises Holdings in Alamos Gold Inc. $AGI

Rockefeller Capital Management L.P. boosted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4,647.9% in the 4th quarter, HoldingsChannel reports. The fund owned 58,921 shares of the basic materials company’s stock after buying an additional 57,680 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Alamos Gold were worth $2,273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 purchasing an additional 222 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Alamos Gold by 2.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 229 shares during the period. Clearstead Advisors LLC boosted its stake in shares of Alamos Gold by 62.7% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares during the period. Sheets Smith Wealth Management grew its holdings in shares of Alamos Gold by 1.3% in the fourth quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock worth $775,000 after purchasing an additional 258 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Alamos Gold by 3.2% in the third quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock worth $340,000 after purchasing an additional 300 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Down 1.8%

NYSE AGI opened at $30.76 on Tuesday. The stock has a market cap of $12.90 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 0.42 and a beta of 0.49. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The stock has a 50 day simple moving average of $39.11 and a two-hundred day simple moving average of $41.94. 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 posted its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $596.70 million for the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business’s revenue was up 79.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, analysts forecast that Alamos Gold Inc. will post 2.38 earnings per share for the current year.

Alamos Gold Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on AGI shares. Wall Street Zen downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America dropped their price target on shares of Alamos Gold from $57.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Weiss Ratings lowered shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $53.00.

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.