GMT Capital Corp decreased its position in Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,007,975 shares of the basic materials company’s stock after selling 346,400 shares during the period. Alamos Gold accounts for 4.0% of GMT Capital Corp’s portfolio, making the stock its 8th largest position. GMT Capital Corp owned 0.48% of Alamos Gold worth $77,638,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in 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 during the last quarter. Vanguard Group Inc. boosted its holdings in 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 valued at $678,291,000 after acquiring an additional 332,335 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in 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 valued at $332,724,000 after acquiring an additional 567,926 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Alamos Gold by 11.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock valued at $351,072,000 after acquiring an additional 964,317 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Alamos Gold by 6.3% in the fourth quarter. CIBC Asset Management Inc now owns 8,716,153 shares of the basic materials company’s stock valued at $338,372,000 after acquiring an additional 514,819 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.
Alamos Gold Price Performance
Shares of AGI opened at $35.16 on Friday. 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 Inc. has a 1 year low of $23.92 and a 1 year high of $55.41. The stock has a market cap of $14.74 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 0.45 and a beta of 0.49. The stock’s 50-day moving average price is $42.09 and its two-hundred day moving average price is $42.08.
Alamos Gold Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, June 11th. Alamos Gold’s payout ratio is 6.37%.
Analyst Ratings Changes
AGI has been the topic of several recent research reports. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a 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 issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $50.67.
Check Out Our Latest Research Report on Alamos Gold
About Alamos Gold
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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