Empyrean Capital Partners LP decreased its holdings in Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 48.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,300 shares of the basic materials company’s stock after selling 188,000 shares during the period. Empyrean Capital Partners LP’s holdings in Alamos Gold were worth $7,843,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of AGI. Van ECK Associates Corp increased its holdings in Alamos Gold by 35.3% during the 3rd 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 during the period. Norges Bank purchased a new stake in Alamos Gold during the 4th quarter valued at $219,475,000. Massachusetts Financial Services Co. MA purchased a new stake in Alamos Gold during the 4th quarter valued at $72,410,000. Bank of America Corp DE boosted its position in Alamos Gold by 137.3% during the 3rd 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 buying an additional 1,518,374 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after buying an additional 1,227,695 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.
Alamos Gold Trading Down 2.8%
NYSE:AGI opened at $37.33 on Thursday. The company has a 50-day moving average price of $41.59 and a 200-day moving average price of $42.17. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 0.50 and a beta of 0.49.
Alamos Gold Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is presently 6.37%.
Wall Street Analyst Weigh In
AGI has been the subject of several research analyst reports. Weiss Ratings cut shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. One equities research 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. According to data from MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and an average price target of $50.67.
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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