Alamos Gold Inc. $AGI Shares Sold by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments cut its Alamos Gold stake by 6.5%, selling 35,320 shares and now holds 512,247 shares worth about $19.8 million (roughly 0.12% of the company).
• Large institutions increased exposure—VanEck now owns 45.54 million shares (~$1.59 billion) and institutional investors collectively hold about 64.33% of Alamos Gold.
• Alamos beat Q4 EPS estimates ($0.54 vs. $0.49) with revenue up 53.1% year-over-year but slightly under consensus; the company has a market cap near $18.97 billion, a P/E of ~21.5, and raised its quarterly dividend to $0.04 ($0.16 annually, ~0.4% yield).

Montrusco Bolton Investments Inc. lowered its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 512,247 shares of the basic materials company's stock after selling 35,320 shares during the period. Montrusco Bolton Investments Inc. owned about 0.12% of Alamos Gold worth $19,806,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Alamos Gold by 35.3% in 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 acquiring an additional 11,876,324 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Alamos Gold by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company's stock valued at $600,712,000 after acquiring an additional 524,263 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Alamos Gold by 6.3% in 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 in the last quarter. Invesco Ltd. lifted its position in shares of Alamos Gold by 23.4% in the 3rd quarter. Invesco Ltd. now owns 2,981,880 shares of the basic materials company's stock valued at $103,948,000 after acquiring an additional 565,441 shares in the last quarter. Finally, Amundi lifted its position in shares of Alamos Gold by 23.5% in the 3rd quarter. Amundi now owns 2,964,424 shares of the basic materials company's stock valued at $102,984,000 after acquiring an additional 563,528 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Stock Performance

AGI stock opened at $45.18 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.00 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $18.97 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 0.60 and a beta of 0.63. Alamos Gold Inc. has a 12 month low of $23.75 and a 12 month high of $55.41. The firm has a 50 day moving average of $46.69 and a two-hundred day moving average of $40.45.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The company had revenue of $575.30 million during the quarter, compared to the consensus estimate of $596.18 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The company's revenue for the quarter was up 53.1% compared to the same quarter last year. As a group, equities analysts anticipate that Alamos Gold Inc. will post 2.5 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $0.04 dividend. The ex-dividend date was Thursday, March 12th. This is a positive change from Alamos Gold's previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Alamos Gold's dividend payout ratio is presently 7.62%.

Wall Street Analysts Forecast Growth

AGI has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 1st. Scotiabank upped their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the company a "sector outperform" rating in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Finally, Weiss Ratings lowered shares of Alamos Gold from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Alamos Gold currently has an average rating of "Buy" and an average price target 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.

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