Alamos Gold Inc. $AGI Shares Sold by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Key Points

• Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. reduced its holdings in Alamos Gold Inc. by 25.8% during the 2nd quarter, owning 23,300 shares after selling 8,100 shares.
• Alamos Gold reported earnings of $0.34 per share for the latest quarter, surpassing analyst expectations, with a revenue of $438.20 million, up 31.7% year-over-year.
• The stock has a consensus rating of "Buy" and a target price of $35.33, with three analysts rating it as a Strong Buy and eight as Buy.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. cut its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 25.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,300 shares of the basic materials company's stock after selling 8,100 shares during the period. Alamos Gold comprises approximately 2.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings, making the stock its 13th biggest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings in Alamos Gold were worth $617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AGI. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Alamos Gold in the 1st quarter valued at about $320,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Alamos Gold in the 1st quarter valued at about $222,000. CWA Asset Management Group LLC boosted its holdings in shares of Alamos Gold by 5.5% in the 1st quarter. CWA Asset Management Group LLC now owns 45,598 shares of the basic materials company's stock valued at $1,219,000 after buying an additional 2,388 shares during the period. Canoe Financial LP boosted its holdings in shares of Alamos Gold by 4.0% in the 1st quarter. Canoe Financial LP now owns 229,412 shares of the basic materials company's stock valued at $6,131,000 after buying an additional 8,865 shares during the period. Finally, Continuum Advisory LLC boosted its holdings in shares of Alamos Gold by 808.9% in the 1st quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock valued at $220,000 after buying an additional 7,329 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AGI shares. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. CIBC reissued an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Bank of America boosted their target price on shares of Alamos Gold from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, September 16th. Three analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $35.33.

Alamos Gold Trading Down 7.8%

Shares of NYSE:AGI opened at $34.53 on Friday. The company has a 50 day moving average of $31.60 and a 200-day moving average of $28.28. The firm has a market cap of $14.52 billion, a P/E ratio of 41.60, a P/E/G ratio of 0.75 and a beta of 0.50. Alamos Gold Inc. has a twelve month low of $17.42 and a twelve month high of $37.54. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

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

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 11th. Alamos Gold's dividend payout ratio is currently 12.05%.

Alamos Gold Company 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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