Aristotle Capital Boston LLC Sells 167,368 Shares of Alamos Gold Inc. $AGI

Key Points

• Aristotle Capital Boston LLC cut its stake in Alamos Gold by 13.7%, selling 167,368 shares and leaving 1,053,746 shares worth about $36.73 million (≈0.25% of the company).
• Other institutions shifted positions too — notably Goldman Sachs more than doubled its stake to 2,394,604 shares (+105.2%) and UBS AM increased holdings by 129.2%, with institutional ownership at 64.33%.
• Alamos reported EPS of $0.54 (beating estimates) and revenue up 53.1% year-over-year (slightly below expectations), and raised its quarterly dividend to $0.04 (annualized $0.16, ~0.3% yield).

Aristotle Capital Boston LLC cut its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 13.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,053,746 shares of the basic materials company's stock after selling 167,368 shares during the period. Alamos Gold accounts for about 1.9% of Aristotle Capital Boston LLC's portfolio, making the stock its 12th biggest position. Aristotle Capital Boston LLC owned about 0.25% of Alamos Gold worth $36,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AGI. Goldman Sachs Group Inc. increased its position in shares of Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company's stock valued at $64,032,000 after purchasing an additional 1,227,695 shares during the last quarter. Empowered Funds LLC purchased a new stake in Alamos Gold during the 1st quarter valued at $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Alamos Gold by 129.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company's stock worth $27,111,000 after buying an additional 571,536 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Alamos Gold by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,067,633 shares of the basic materials company's stock worth $28,356,000 after buying an additional 4,169 shares during the last quarter. Finally, Forsta AP Fonden purchased a new position in Alamos Gold during the second quarter worth $2,498,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Trading Down 5.6%

Shares of NYSE AGI opened at $45.81 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 business has a fifty day simple moving average of $44.62 and a two-hundred day simple moving average of $37.94. The firm has a market cap of $19.23 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 0.61 and a beta of 0.55. Alamos Gold Inc. has a twelve month low of $23.49 and a twelve month high of $55.41.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The business had revenue of $575.30 million during the quarter, compared to analysts' expectations of $596.18 million. During the same period in the prior year, the business earned $0.25 EPS. The business's revenue for the quarter was up 53.1% compared to the same quarter last year. Analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. This is a boost from Alamos Gold's previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, March 12th. Alamos Gold's payout ratio is currently 7.62%.

Analysts Set New Price Targets

A number of research firms have weighed in on AGI. Jefferies Financial Group reiterated a "buy" rating and set a $49.00 price objective on shares of Alamos Gold in a research report on Sunday, December 7th. Weiss Ratings reaffirmed a "buy (a)" rating on shares of Alamos Gold in a research note on Monday, December 29th. Desjardins initiated coverage on shares of Alamos Gold in a report on Friday, November 28th. They set a "buy" rating on the stock. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Finally, Scotiabank raised their price objective on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a "sector outperform" rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Alamos Gold has a consensus rating of "Buy" and a consensus price target of $45.50.

About Alamos Gold

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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