TD Asset Management Inc Sells 261,318 Shares of Alamos Gold Inc. $AGI

TD Asset Management Inc lowered its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 12.2% in the 4th quarter, Holdings Channel reports. The fund owned 1,880,194 shares of the basic materials company’s stock after selling 261,318 shares during the quarter. TD Asset Management Inc’s holdings in Alamos Gold were worth $72,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC boosted its stake in Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares during the last quarter. Sheets Smith Wealth Management boosted its stake in shares of Alamos Gold by 1.3% in the 4th quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock worth $775,000 after buying an additional 258 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Alamos Gold by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock worth $340,000 after buying an additional 300 shares during the last quarter. Cary Street Partners Financial LLC lifted its position in Alamos Gold by 1.4% during the fourth quarter. Cary Street Partners Financial LLC now owns 24,730 shares of the basic materials company’s stock valued at $954,000 after purchasing an additional 335 shares in the last quarter. Finally, Legacy Capital Group California Inc. lifted its position in Alamos Gold by 2.9% during the fourth quarter. Legacy Capital Group California Inc. now owns 11,936 shares of the basic materials company’s stock valued at $460,000 after purchasing an additional 337 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of NYSE:AGI opened at $35.45 on Friday. The company has a market capitalization of $14.89 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 0.50 and a beta of 0.49. Alamos Gold Inc. has a 52 week low of $23.92 and a 52 week high of $55.41. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $42.92 and a 200 day moving average of $42.03.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business’s quarterly revenue was up 79.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, sell-side analysts predict that Alamos Gold Inc. will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

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 given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 11th. Alamos Gold’s dividend payout ratio is presently 6.37%.

Analyst Upgrades and Downgrades

AGI has been the topic of a number of recent analyst reports. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Scotiabank boosted their price objective on Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and an average price target 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.