WINTON GROUP Ltd Cuts Holdings in Alamos Gold Inc. $AGI

WINTON GROUP Ltd trimmed its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 68.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,100 shares of the basic materials company’s stock after selling 15,300 shares during the period. WINTON GROUP Ltd’s holdings in Alamos Gold were worth $215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC lifted its position in shares of Alamos Gold by 62.7% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after buying an additional 251 shares in the last quarter. Cary Street Partners Financial LLC boosted its stake in shares of Alamos Gold by 1.4% in the 4th quarter. Cary Street Partners Financial LLC now owns 24,730 shares of the basic materials company’s stock worth $954,000 after buying an additional 335 shares during the last quarter. Petra Financial Advisors Inc. grew its holdings in shares of Alamos Gold by 2.3% in the first quarter. Petra Financial Advisors Inc. now owns 23,153 shares of the basic materials company’s stock valued at $1,029,000 after acquiring an additional 518 shares in the last quarter. Parvin Asset Management LLC grew its holdings in shares of Alamos Gold by 1.8% in the first quarter. Parvin Asset Management LLC now owns 35,390 shares of the basic materials company’s stock valued at $1,572,000 after acquiring an additional 625 shares in the last quarter. Finally, XML Financial LLC increased its position in shares of Alamos Gold by 10.8% during the second quarter. XML Financial LLC now owns 7,200 shares of the basic materials company’s stock valued at $218,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE:AGI opened at $35.77 on Friday. The company has a market capitalization of $14.97 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.48 and a beta of 0.61. The business has a fifty day simple moving average of $33.24 and a two-hundred day simple moving average of $38.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.07 and a quick ratio of 1.67. Alamos Gold Inc. has a 1 year low of $27.05 and a 1 year high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $594.10 million during the quarter, compared to the consensus estimate of $593.58 million. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. On average, analysts expect that Alamos Gold Inc. will post 2.12 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.16 annualized dividend and a yield of 0.4%. Alamos Gold’s dividend payout ratio is 5.78%.

Analyst Ratings Changes

A number of analysts recently commented on AGI shares. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 target price on shares of Alamos Gold in a research note on Wednesday. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Finally, Bank of America reduced their price target on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based gold producer engaged in the acquisition, exploration, development and operation of gold mines. The company produces gold doré and related by-products from its wholly owned mining operations in Canada and Mexico, and also maintains a portfolio of exploration and development projects.

Alamos Gold’s principal Canadian assets are the Island Gold and Young-Davidson mines in Ontario, along with the Magino mine near Dubreuilville, Ontario. In Mexico, the company operates the Mulatos mining district in Sonora, which includes the La Yaqui Grande mine.