Alamos Gold Inc. $AGI Shares Sold by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC lessened its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 33.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 780,651 shares of the basic materials company’s stock after selling 392,766 shares during the quarter. Alamos Gold makes up about 2.9% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 14th largest position. Goehring & Rozencwajg Associates LLC owned about 0.19% of Alamos Gold worth $30,118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AGI. Atlantic Union Bankshares Corp acquired a new position in shares of Alamos Gold during the 4th quarter worth $25,000. Clearstead Advisors LLC raised its stake in shares of 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 last quarter. Bayforest Capital Ltd acquired a new position in shares of Alamos Gold during the 4th quarter worth $44,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 last quarter. Finally, State of Wyoming acquired a new position in shares of Alamos Gold during the 4th quarter worth $71,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Up 2.0%

Alamos Gold stock opened at $35.16 on Friday. The stock has a market cap of $14.74 billion, a PE ratio of 14.01, a P/E/G ratio of 0.44 and a beta of 0.49. The stock has a 50-day moving average price of $42.09 and a 200 day moving average price of $42.08. Alamos Gold Inc. has a 52 week low of $23.92 and a 52 week high of $55.41. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05.

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

Alamos Gold Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wall Street Zen downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. 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’s stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and a consensus price target of $50.67.

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.