Oppenheimer & Close LLC Has $5.96 Million Holdings in Alamos Gold Inc. $AGI

Oppenheimer & Close LLC cut its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 27.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,965 shares of the basic materials company’s stock after selling 63,140 shares during the period. Alamos Gold accounts for 4.0% of Oppenheimer & Close LLC’s portfolio, making the stock its 6th largest holding. Oppenheimer & Close LLC’s holdings in Alamos Gold were worth $5,961,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AGI. 1620 Investment Advisors Inc. bought a new position in Alamos Gold during the third quarter worth about $35,000. Bessemer Group Inc. bought a new stake in Alamos Gold during the 2nd quarter worth $90,000. Skandinaviska Enskilda Banken AB publ bought a new position in Alamos Gold in the 2nd quarter valued at approximately $98,000. Employees Retirement System of Texas acquired a new position in shares of Alamos Gold during the second quarter worth $112,000. Finally, Farther Finance Advisors LLC lifted its holdings in Alamos Gold by 528.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company’s stock worth $156,000 after buying an additional 3,757 shares during the period. 64.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Scotiabank lifted their target price on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 6th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Saturday. TD Securities restated a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. Finally, Zacks Research lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and an average price target of $45.50.

Alamos Gold Stock Performance

Shares of AGI stock opened at $47.95 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.00 and a quick ratio of 1.33. The firm has a 50-day moving average of $41.09 and a 200-day moving average of $35.42. Alamos Gold Inc. has a one year low of $22.03 and a one year high of $48.07. The company has a market cap of $20.13 billion, a P/E ratio of 22.83, a P/E/G ratio of 0.45 and a beta of 0.61.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. The business had revenue of $575.30 million for the quarter, compared to analysts’ expectations of $596.18 million. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The firm’s revenue for the quarter was up 53.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be issued a $0.04 dividend. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, March 12th. Alamos Gold’s dividend payout ratio is currently 4.76%.

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.