Oppenheimer & Close LLC reduced its stake in Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,105 shares of the basic materials company’s stock after selling 27,860 shares during the period. Alamos Gold makes up about 3.8% of Oppenheimer & Close LLC’s holdings, making the stock its 11th largest holding. Oppenheimer & Close LLC’s holdings in Alamos Gold were worth $5,534,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of AGI. Van ECK Associates Corp raised 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 valued at $1,587,666,000 after acquiring an additional 11,876,324 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Alamos Gold in the fourth quarter valued at $72,410,000. Bank of America Corp DE raised its stake in shares of Alamos Gold by 137.3% in the third quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock valued at $91,492,000 after acquiring an additional 1,518,374 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Alamos Gold by 105.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after acquiring an additional 1,227,695 shares in the last quarter. Finally, Cannell & Spears LLC raised its stake in shares of Alamos Gold by 512.4% in the third quarter. Cannell & Spears LLC now owns 1,276,296 shares of the basic materials company’s stock valued at $44,492,000 after acquiring an additional 1,067,883 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.
Alamos Gold Stock Performance
NYSE:AGI opened at $40.88 on Friday. The firm has a market capitalization of $17.17 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.51 and a beta of 0.50. The business’s fifty day moving average price is $43.11 and its 200 day moving average price is $41.85. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41.
Alamos Gold Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Alamos Gold’s dividend payout ratio (DPR) is currently 6.37%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on AGI. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Wall Street Zen cut 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 note on Friday, May 1st. Finally, Scotiabank increased their target price on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $50.67.
Check Out Our Latest Analysis on Alamos Gold
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.
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