GMT Capital Corp Cuts Stock Position in Alamos Gold Inc. $AGI

GMT Capital Corp lessened its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 14.7% during the 4th quarter, HoldingsChannel reports. The firm owned 2,007,975 shares of the basic materials company’s stock after selling 346,400 shares during the period. Alamos Gold comprises approximately 4.0% of GMT Capital Corp’s holdings, making the stock its 8th largest holding. GMT Capital Corp’s holdings in Alamos Gold were worth $77,638,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Atlantic Union Bankshares Corp acquired a new stake in Alamos Gold in the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC raised its position in Alamos Gold by 62.8% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after buying an additional 251 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Alamos Gold by 44.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after buying an additional 222 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Alamos Gold in the 4th quarter valued at approximately $44,000. Finally, EverSource Wealth Advisors LLC raised its position in Alamos Gold by 69.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after buying an additional 581 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 2.0%

AGI stock opened at $35.16 on Friday. 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 firm has a market capitalization of $14.74 billion, a PE ratio of 14.01, a PEG ratio of 0.45 and a beta of 0.49. Alamos Gold Inc. has a 1-year low of $23.92 and a 1-year high of $55.41. The business’s 50 day simple moving average is $42.09 and its 200 day simple moving average is $42.08.

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

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors 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 dividend on an annualized basis and a dividend yield of 0.5%. Alamos Gold’s payout ratio is presently 6.37%.

Analysts Set New Price Targets

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