Alamos Gold Inc. $AGI Stake Decreased by Sprott Inc.

Key Points

• Sprott Inc. has reduced its stake in Alamos Gold Inc. by 4.1%, owning 2,226,069 shares after selling 94,909 shares during the first quarter, making it the company's 8th largest holding.
• Several institutional investors, including Geode Capital Management and Envestnet Asset Management, have increased their holdings, with Geode Capital growing its stake by 36.3%.
• Analysts have mixed ratings for Alamos Gold, with a current average rating of "Buy" and a target price of $30.38.

Sprott Inc. lowered its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 4.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,226,069 shares of the basic materials company's stock after selling 94,909 shares during the period. Alamos Gold accounts for about 3.2% of Sprott Inc.'s holdings, making the stock its 8th largest holding. Sprott Inc. owned 0.53% of Alamos Gold worth $59,525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AGI. Geode Capital Management LLC grew its stake in shares of Alamos Gold by 36.3% in the 4th quarter. Geode Capital Management LLC now owns 408,434 shares of the basic materials company's stock worth $7,532,000 after buying an additional 108,822 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Alamos Gold by 36.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 86,836 shares of the basic materials company's stock worth $1,601,000 after purchasing an additional 23,187 shares in the last quarter. Mariner LLC raised its stake in shares of Alamos Gold by 121.0% in the fourth quarter. Mariner LLC now owns 27,910 shares of the basic materials company's stock worth $514,000 after purchasing an additional 15,281 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Alamos Gold by 1.2% during the fourth quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock valued at $1,342,000 after purchasing an additional 854 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Alamos Gold by 325.2% during the fourth quarter. Marshall Wace LLP now owns 97,229 shares of the basic materials company's stock valued at $1,793,000 after purchasing an additional 74,362 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. 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 report on Wednesday, July 9th. They set a "buy" rating on the stock. National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Alamos Gold presently has an average rating of "Buy" and an average target price of $30.38.

Alamos Gold Trading Up 4.7%

Shares of AGI stock opened at $27.7610 on Friday. Alamos Gold Inc. has a 12-month low of $17.42 and a 12-month high of $31.00. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The stock's 50-day moving average price is $26.19 and its 200-day moving average price is $25.80. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 0.58 and a beta of 0.51.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results 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 firm had revenue of $438.20 million for the quarter, compared to analysts' expectations of $400.61 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The business's revenue was up 31.7% compared to the same quarter last year. Equities research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's 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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