Alamos Gold Inc. $AGI Shares Sold by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. reduced its stake in Alamos Gold Inc. by 4.2%, selling 10,060 shares, leaving them with a total of 231,822 shares valued at approximately $6.2 million.
• Alamos Gold Inc. reported earnings of $0.34 per share, exceeding expectations and showing a 31.7% year-over-year increase in revenue to $438.20 million.
• The stock's average rating is currently "Buy" with a price target of $30.38, reflecting ongoing positive sentiment among analysts regarding the company's performance.

Gamco Investors INC. ET AL lessened its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 231,822 shares of the basic materials company's stock after selling 10,060 shares during the quarter. Gamco Investors INC. ET AL owned 0.06% of Alamos Gold worth $6,199,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AGI. Murphy Pohlad Asset Management LLC raised its holdings in Alamos Gold by 0.3% in the first quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock valued at $4,269,000 after acquiring an additional 500 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Alamos Gold by 0.3% during the 4th quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock worth $3,349,000 after acquiring an additional 614 shares in the last quarter. Cheviot Value Management LLC increased its position in shares of 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 during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of 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. Finally, Brown Advisory Inc. lifted its position 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. 64.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AGI. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Stifel Nicolaus started coverage on Alamos Gold in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. Finally, National Bankshares restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $30.38.

Alamos Gold Stock Up 1.6%

AGI opened at $29.77 on Thursday. The business's 50-day simple moving average is $26.35 and its 200-day simple moving average is $25.99. 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 $31.00. The stock has a market capitalization of $12.52 billion, a P/E ratio of 35.87, a price-to-earnings-growth ratio of 0.64 and a beta of 0.51.

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

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's dividend payout ratio is presently 12.05%.

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.

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