Empyrean Capital Partners LP Sells 188,000 Shares of Alamos Gold Inc. $AGI

Empyrean Capital Partners LP trimmed its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 48.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,300 shares of the basic materials company’s stock after selling 188,000 shares during the quarter. Empyrean Capital Partners LP’s holdings in Alamos Gold were worth $7,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp increased its stake 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 valued at $1,587,666,000 after purchasing an additional 11,876,324 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Alamos Gold by 1.9% during the 4th 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 shares of Alamos Gold by 6.3% during the 3rd 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 shares of Alamos Gold by 11.9% during the 4th 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 shares of 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 worth $338,372,000 after buying an additional 514,819 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $37.33 on Thursday. 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 Inc. has a 1-year low of $23.92 and a 1-year high of $55.41. The company has a market capitalization of $15.65 billion, a P/E ratio of 14.87, a P/E/G ratio of 0.50 and a beta of 0.49. The firm’s 50 day simple moving average is $41.59 and its two-hundred day simple moving average is $42.17.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly 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. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 79.2% on a year-over-year basis. Research analysts expect that Alamos Gold Inc. will post 2.46 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.16 annualized dividend and a yield of 0.4%. Alamos Gold’s payout ratio is currently 6.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AGI shares. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Alamos Gold currently has an average rating of “Buy” and an average target price 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.