DJE Kapital AG Has $6.95 Million Stock Holdings in Alamos Gold Inc. $AGI

DJE Kapital AG trimmed its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 31.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,230 shares of the basic materials company’s stock after selling 80,940 shares during the period. DJE Kapital AG’s holdings in Alamos Gold were worth $6,951,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in Alamos Gold during the 4th quarter worth approximately $25,000. Clearstead Advisors LLC raised its holdings in Alamos Gold by 62.8% 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 during the period. Bayforest Capital Ltd acquired a new stake in Alamos Gold during the 4th quarter worth approximately $44,000. EverSource Wealth Advisors LLC raised its holdings in Alamos Gold by 69.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after buying an additional 581 shares during the period. Finally, State of Wyoming acquired a new stake in Alamos Gold during the 4th quarter worth approximately $71,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Price Performance

NYSE AGI opened at $34.47 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 12-month low of $23.92 and a 12-month high of $55.41. The company has a market capitalization of $14.45 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 0.43 and a beta of 0.49. The firm’s 50 day moving average is $42.30 and its 200-day moving average is $42.13.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The company had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. During the same period last year, the company earned $0.14 earnings per share. The firm’s revenue was up 79.2% compared to the same quarter last year. Equities research analysts anticipate that Alamos Gold Inc. will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Alamos Gold’s dividend payout ratio (DPR) is currently 6.37%.

Wall Street Analyst Weigh In

AGI has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $50.67.

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.