Goehring & Rozencwajg Associates LLC Cuts Stock Holdings in Alamos Gold Inc. $AGI

Goehring & Rozencwajg Associates LLC lowered its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 12.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 686,587 shares of the basic materials company’s stock after selling 94,064 shares during the quarter. Alamos Gold accounts for 1.6% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 19th largest holding. Goehring & Rozencwajg Associates LLC’s holdings in Alamos Gold were worth $30,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Alamos Gold by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock worth $678,291,000 after acquiring an additional 332,335 shares in the last quarter. Generate Investment Management Ltd lifted its position in shares of Alamos Gold by 14.3% during the fourth quarter. Generate Investment Management Ltd now owns 1,200,000 shares of the basic materials company’s stock valued at $46,296,000 after purchasing an additional 150,000 shares in the last quarter. PKO Investment Management Joint Stock Co boosted its holdings in Alamos Gold by 21.9% during the first quarter. PKO Investment Management Joint Stock Co now owns 197,463 shares of the basic materials company’s stock worth $8,767,000 after purchasing an additional 35,463 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Alamos Gold in the 4th quarter worth about $72,410,000. Finally, Groupama Asset Managment grew its position in Alamos Gold by 13.8% in the 3rd quarter. Groupama Asset Managment now owns 316,870 shares of the basic materials company’s stock worth $11,046,000 after purchasing an additional 38,441 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on AGI. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Royal Bank Of Canada reduced their target price on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group decreased their price target on Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Weiss Ratings lowered Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a research report on Tuesday. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Moderate Buy” and an average target price of $47.50.

Alamos Gold Trading Down 1.2%

Shares of AGI opened at $29.02 on Thursday. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The business has a 50-day moving average of $35.86 and a 200 day moving average of $41.21. The firm has a market cap of $12.15 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55. 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 issued its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm 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 company’s quarterly revenue was up 79.2% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. As a group, research analysts forecast that Alamos Gold Inc. will post 2.19 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently disclosed 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 0.6%. The ex-dividend date was Thursday, June 11th. Alamos Gold’s payout ratio is currently 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.