Alamos Gold Inc. $AGI Shares Sold by Williamson Legacy Group LLC

Williamson Legacy Group LLC trimmed its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 60.5% during the fourth quarter, Holdings Channel reports. The firm owned 21,643 shares of the basic materials company’s stock after selling 33,161 shares during the period. Williamson Legacy Group LLC’s holdings in Alamos Gold were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $25,000. Clearstead Advisors LLC raised its position in shares of Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 251 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $44,000. EverSource Wealth Advisors LLC raised its position in shares of Alamos Gold by 69.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 581 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of Alamos Gold by 93.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 2,307 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

Shares of AGI stock opened at $40.15 on Wednesday. Alamos Gold Inc. has a 12-month low of $23.92 and a 12-month high of $55.41. The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 0.49 and a beta of 0.50. The business has a 50 day simple moving average of $43.41 and a 200 day simple moving average of $41.74. 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 (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business had revenue of $596.70 million during the quarter, compared to analyst estimates of $612.35 million. During the same period in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was up 79.2% compared to the same quarter last year. On average, equities research analysts anticipate that Alamos Gold Inc. will post 2.46 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.