Aigen Investment Management LP Cuts Stake in Alamos Gold Inc. $AGI

Key Points

• Aigen Investment Management LP significantly reduced its stake in Alamos Gold Inc. by selling 52,962 shares, resulting in ownership of only 9,220 shares worth approximately $247,000.
• Alamos Gold's stock price increased by 2.2%, reaching $25.96, while the company reported a 31.7% revenue growth year-over-year, totaling $438.20 million for the last quarter.
• Despite a recent downgrade from Wall Street Zen, Alamos Gold maintains a consensus rating of "Buy" among analysts, with a price target of $30.38.

Aigen Investment Management LP lowered its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 85.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,220 shares of the basic materials company's stock after selling 52,962 shares during the quarter. Aigen Investment Management LP's holdings in Alamos Gold were worth $247,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Alamos Gold during the 1st quarter worth about $320,000. Brown Advisory Inc. boosted its stake in shares of Alamos Gold by 9.3% during the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock worth $315,000 after purchasing an additional 1,000 shares during the last quarter. LBP AM SA acquired a new stake in shares of Alamos Gold during the 1st quarter worth about $1,155,000. Goehring & Rozencwajg Associates LLC boosted its stake in shares of Alamos Gold by 2.3% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,223,257 shares of the basic materials company's stock worth $31,915,000 after purchasing an additional 27,032 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Alamos Gold by 5.3% during the 4th quarter. Deutsche Bank AG now owns 171,943 shares of the basic materials company's stock worth $3,171,000 after purchasing an additional 8,681 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Down 0.2%

Shares of AGI traded down $0.0460 during trading hours on Tuesday, hitting $26.0940. The stock had a trading volume of 1,214,982 shares, compared to its average volume of 3,442,939. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. Alamos Gold Inc. has a 12-month low of $17.42 and a 12-month high of $31.00. The firm has a market cap of $10.97 billion, a P/E ratio of 31.44, a P/E/G ratio of 0.57 and a beta of 0.51. The company's fifty day simple moving average is $26.22 and its 200 day simple moving average is $25.75.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The firm had revenue of $438.20 million for the quarter, compared to analyst estimates of $400.61 million. During the same quarter last year, the firm posted $0.24 earnings per share. Alamos Gold's revenue for the quarter was up 31.7% compared to the same quarter last year. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's dividend payout ratio is 12.05%.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of recent analyst reports. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday. CIBC reissued an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Stifel Nicolaus initiated coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $30.38.

About Alamos Gold

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.