Alamos Gold Inc. $AGI Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lessened its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 86.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 35,000 shares of the basic materials company’s stock after selling 215,000 shares during the quarter. U S Global Investors Inc.’s holdings in Alamos Gold were worth $1,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in Alamos Gold by 105.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after purchasing an additional 1,227,695 shares during the period. Empowered Funds LLC purchased a new position in shares of Alamos Gold during the 1st quarter worth $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Alamos Gold by 129.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock worth $27,111,000 after buying an additional 571,536 shares during the period. Qube Research & Technologies Ltd raised its position in Alamos Gold by 375.1% in the second quarter. Qube Research & Technologies Ltd now owns 980,474 shares of the basic materials company’s stock valued at $26,042,000 after purchasing an additional 774,111 shares during the period. Finally, Sei Investments Co. lifted its stake in Alamos Gold by 6.9% during the second quarter. Sei Investments Co. now owns 403,217 shares of the basic materials company’s stock worth $10,709,000 after purchasing an additional 26,045 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $43.97 on Friday. The stock’s 50-day simple moving average is $46.70 and its 200-day simple moving average is $40.38. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.00. The firm has a market capitalization of $18.46 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. Alamos Gold Inc. has a fifty-two week low of $23.75 and a fifty-two week high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company 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% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. As a group, equities research analysts forecast that Alamos Gold Inc. will post 2.5 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a $0.04 dividend. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Alamos Gold’s payout ratio is currently 7.62%.

Wall Street Analysts Forecast Growth

AGI has been the topic of several research reports. Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Scotiabank lifted their price objective on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a report on Friday, February 6th. Weiss Ratings lowered shares of Alamos Gold from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, April 2nd. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average 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.