Alamos Gold Inc. $AGI is Old West Investment Management LLC’s 5th Largest Position

Old West Investment Management LLC decreased its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 27.4% in the second quarter, Holdings Channel reports. The fund owned 514,367 shares of the basic materials company’s stock after selling 194,272 shares during the period. Alamos Gold accounts for approximately 4.5% of Old West Investment Management LLC’s investment portfolio, making the stock its 5th largest holding. Old West Investment Management LLC’s holdings in Alamos Gold were worth $13,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in AGI. Ameritas Advisory Services LLC purchased a new position in Alamos Gold during the second quarter worth approximately $30,000. Banque Transatlantique SA purchased a new stake in Alamos Gold in the 1st quarter valued at $31,000. SBI Securities Co. Ltd. increased its stake in shares of Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 660 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Alamos Gold during the 1st quarter worth $67,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Alamos Gold during the 1st quarter worth $68,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

Shares of AGI opened at $33.50 on Friday. The firm has a 50-day simple moving average of $32.93 and a two-hundred day simple moving average of $28.83. The stock has a market cap of $14.09 billion, a PE ratio of 26.17, a P/E/G ratio of 0.50 and a beta of 0.50. Alamos Gold Inc. has a 1-year low of $17.42 and a 1-year high of $37.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.69%. The firm had revenue of $462.30 million for the quarter, compared to analyst estimates of $490.96 million. During the same period in the prior year, the business posted $0.19 EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 11th. Alamos Gold’s dividend payout ratio (DPR) is currently 7.81%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AGI shares. National Bankshares reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. TD Securities reissued a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Wall Street Zen upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Weiss Ratings upgraded Alamos Gold from a “buy (b)” rating to a “buy (a)” rating in a report on Friday, November 7th. Finally, Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Alamos Gold has an average rating of “Buy” and an average price target of $41.00.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.