Williamson Legacy Group LLC decreased its holdings in Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 60.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,643 shares of the basic materials company’s stock after selling 33,161 shares during the quarter. Williamson Legacy Group LLC’s holdings in Alamos Gold were worth $835,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the business. Van ECK Associates Corp lifted its stake in shares of Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock worth $1,587,666,000 after acquiring an additional 11,876,324 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Alamos Gold by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock worth $678,291,000 after acquiring an additional 332,335 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Alamos Gold by 6.3% in the third quarter. Mackenzie Financial Corp now owns 9,547,541 shares of the basic materials company’s stock worth $332,724,000 after acquiring an additional 567,926 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Alamos Gold by 23.4% in the third quarter. Invesco Ltd. now owns 2,981,880 shares of the basic materials company’s stock worth $103,948,000 after acquiring an additional 565,441 shares in the last quarter. Finally, Amundi lifted its stake in shares of Alamos Gold by 23.5% in the third quarter. Amundi now owns 2,964,424 shares of the basic materials company’s stock worth $102,984,000 after acquiring an additional 563,528 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.
Alamos Gold Trading Up 4.7%
Shares of NYSE AGI opened at $40.15 on Wednesday. The stock’s 50 day moving average price is $43.41 and its two-hundred day moving average price is $41.74. Alamos Gold Inc. has a 52-week low of $23.92 and a 52-week high of $55.41. The stock has a market capitalization of $16.86 billion, a P/E ratio of 16.00, a PEG ratio of 0.49 and a beta of 0.50. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05.
Analyst Ratings Changes
AGI has been the topic of several recent analyst reports. Scotiabank boosted their price target 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. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. One investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $50.67.
Read Our Latest Report on Alamos Gold
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.
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