Royce & Associates LP Sells 50,000 Shares of Alamos Gold Inc. $AGI

Royce & Associates LP decreased its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,224,091 shares of the basic materials company’s stock after selling 50,000 shares during the quarter. Royce & Associates LP owned about 0.29% of Alamos Gold worth $47,267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGI. Atlantic Union Bankshares Corp bought a new position in shares of Alamos Gold during the fourth quarter worth $25,000. Clearstead Advisors LLC lifted its position in Alamos Gold by 62.8% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares during the last quarter. Bayforest Capital Ltd bought a new position in Alamos Gold during the fourth quarter valued at $44,000. EverSource Wealth Advisors LLC lifted its position in Alamos Gold by 69.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 581 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Alamos Gold by 93.2% during the third quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 2,307 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AGI has been the subject of several research reports. Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings lowered shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Scotiabank increased their target price on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. One equities research 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $50.67.

Alamos Gold Trading Up 0.2%

Shares of AGI opened at $38.42 on Tuesday. Alamos Gold Inc. has a twelve month low of $23.92 and a twelve month high of $55.41. The company has a market cap of $16.14 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.49 and a beta of 0.50. 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 company’s fifty day simple moving average is $43.52 and its 200-day simple moving average is $41.67.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business’s revenue for the quarter was up 79.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, analysts expect that Alamos Gold Inc. will post 2.46 EPS for the current year.

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.