Sei Investments Co. Trims Stake in Alamos Gold Inc. $AGI

Sei Investments Co. reduced its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 10.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 269,261 shares of the basic materials company’s stock after selling 30,941 shares during the quarter. Sei Investments Co. owned approximately 0.06% of Alamos Gold worth $11,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Alamos Gold by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock worth $678,291,000 after buying an additional 332,335 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Alamos Gold by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,679,980 shares of the basic materials company’s stock valued at $74,757,000 after buying an additional 141,000 shares in the last quarter. Swiss National Bank lifted its position in shares of Alamos Gold by 26.8% during the 1st quarter. Swiss National Bank now owns 1,413,236 shares of the basic materials company’s stock valued at $62,782,000 after buying an additional 298,900 shares in the last quarter. DJE Kapital AG grew its stake in shares of Alamos Gold by 66.2% during the 1st quarter. DJE Kapital AG now owns 296,236 shares of the basic materials company’s stock valued at $12,665,000 after acquiring an additional 118,006 shares during the period. Finally, PKO Investment Management Joint Stock Co grew its stake in shares of Alamos Gold by 21.9% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 197,463 shares of the basic materials company’s stock valued at $8,767,000 after acquiring an additional 35,463 shares during the period. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Bank of America lowered their price target on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada dropped their price target on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Weiss Ratings cut shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Alamos Gold Stock Performance

NYSE AGI opened at $27.83 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a twelve month low of $23.92 and a twelve month high of $55.41. The business has a 50-day moving average price of $32.84 and a 200-day moving average price of $40.28. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.36 and a beta of 0.55.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. The company had revenue of $594.10 million for the quarter, compared to the consensus estimate of $593.58 million. Alamos Gold had a return on equity of 19.77% and a net margin of 52.64%.The firm’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. As a group, equities research analysts predict that Alamos Gold Inc. will post 2.19 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is 5.78%.

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.