Alamos Gold Inc. $AGI is Triasima Portfolio Management inc.'s 8th Largest Position

Key Points

• Triasima Portfolio Management has reduced its stake in Alamos Gold Inc. by 25.4%, owning approximately 435,364 shares, which represents 2.1% of its investment portfolio.
• Alamos Gold's recent quarterly earnings showed a profit of $0.34 per share, exceeding estimates, with revenues of $438.2 million, a 31.7% increase year-over-year.
• The company has a dividend yield of 0.3% and a dividend payout ratio of 12.05%, with the last declared dividend of $0.025 per share paid on September 25th.

Triasima Portfolio Management inc. reduced its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 25.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435,364 shares of the basic materials company's stock after selling 148,200 shares during the period. Alamos Gold comprises 2.1% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 8th biggest position. Triasima Portfolio Management inc. owned approximately 0.10% of Alamos Gold worth $11,557,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Murphy Pohlad Asset Management LLC increased its stake in Alamos Gold by 0.3% in the 1st quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock valued at $4,269,000 after purchasing an additional 500 shares in the last quarter. Cheviot Value Management LLC increased its stake in Alamos Gold by 1.2% in the 1st quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company's stock valued at $1,346,000 after purchasing an additional 635 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 660 shares in the last quarter. Brown Advisory Inc. increased its stake in Alamos Gold by 9.3% in the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock valued at $315,000 after purchasing an additional 1,000 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC increased its stake in Alamos Gold by 10.0% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 11,000 shares of the basic materials company's stock valued at $294,000 after purchasing an additional 1,000 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $33.50 on Wednesday. The business's fifty day moving average price is $30.17 and its two-hundred day moving average price is $27.83. The stock has a market cap of $14.09 billion, a PE ratio of 40.36, a price-to-earnings-growth ratio of 0.71 and a beta of 0.50. 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 one year low of $17.42 and a one year high of $35.61.

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

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Alamos Gold's dividend payout ratio (DPR) is 12.05%.

Analysts Set New Price Targets

Several research firms recently weighed in on AGI. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Alamos Gold in a report on Saturday, September 27th. CIBC reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Stifel Nicolaus started coverage on Alamos Gold in a report on Wednesday, July 9th. They set a "buy" rating on the stock. Finally, National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $31.17.

Alamos Gold Profile

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.

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