GMT Capital Corp Sells 369,700 Shares of Alamos Gold Inc. $AGI

GMT Capital Corp lowered its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 11.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,948,875 shares of the basic materials company’s stock after selling 369,700 shares during the quarter. Alamos Gold comprises 3.3% of GMT Capital Corp’s portfolio, making the stock its 14th biggest holding. GMT Capital Corp’s holdings in Alamos Gold were worth $78,276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Alamos Gold by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company’s stock worth $433,133,000 after acquiring an additional 214,933 shares during the period. Deutsche Bank AG boosted its position in shares of Alamos Gold by 16.3% in the first quarter. Deutsche Bank AG now owns 199,907 shares of the basic materials company’s stock worth $5,346,000 after purchasing an additional 27,964 shares during the period. Nuveen LLC purchased a new stake in shares of Alamos Gold in the first quarter worth $731,000. HighTower Advisors LLC raised its position in shares of Alamos Gold by 363.6% during the 1st quarter. HighTower Advisors LLC now owns 129,076 shares of the basic materials company’s stock valued at $3,451,000 after purchasing an additional 101,235 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Alamos Gold by 4.9% during the 1st quarter. American Century Companies Inc. now owns 2,769,539 shares of the basic materials company’s stock valued at $74,029,000 after buying an additional 129,334 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “buy (a)” rating on shares of Alamos Gold in a research note on Monday. Zacks Research cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, September 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $49.00 price objective on shares of Alamos Gold in a report on Sunday, December 7th. Finally, Wall Street Zen upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $43.00.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $38.48 on Friday. The stock has a 50 day moving average of $33.93 and a 200 day moving average of $30.22. Alamos Gold Inc. has a 12 month low of $17.80 and a 12 month high of $39.44. The firm has a market cap of $16.15 billion, a PE ratio of 30.06, a PEG ratio of 0.54 and a beta of 0.63. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $462.30 million for the quarter, compared to the consensus estimate of $490.96 million. Alamos Gold had a return on equity of 12.36% and a net margin of 33.46%.The company’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. On average, research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s dividend payout ratio is presently 7.81%.

Alamos Gold Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.