Generate Investment Management Ltd Lowers Stake in Alamos Gold Inc. (NYSE:AGI)

Generate Investment Management Ltd trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 9.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 743,034 shares of the basic materials company's stock after selling 75,911 shares during the quarter. Alamos Gold accounts for approximately 1.4% of Generate Investment Management Ltd's holdings, making the stock its 26th largest position. Generate Investment Management Ltd owned approximately 0.18% of Alamos Gold worth $19,869,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGI. Cutler Capital Management LLC purchased a new position in shares of Alamos Gold during the 4th quarter worth $108,000. Daiwa Securities Group Inc. bought a new stake in Alamos Gold during the fourth quarter valued at about $136,000. Coppell Advisory Solutions LLC grew its holdings in Alamos Gold by 14.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock valued at $181,000 after purchasing an additional 1,260 shares during the period. NBT Bank N A NY purchased a new stake in Alamos Gold in the first quarter worth about $190,000. Finally, Continuum Advisory LLC lifted its position in shares of Alamos Gold by 808.9% during 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 in the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Price Performance

Shares of Alamos Gold stock traded up $0.04 during trading on Thursday, reaching $26.15. 5,342,075 shares of the stock traded hands, compared to its average volume of 2,856,826. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of 42.17, a P/E/G ratio of 0.61 and a beta of 0.55. Alamos Gold Inc. has a 52-week low of $15.35 and a 52-week high of $31.00. The business has a fifty day simple moving average of $26.70 and a two-hundred day simple moving average of $23.90.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The company had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm's quarterly revenue was up 20.0% compared to the same quarter last year. Sell-side analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.10 annualized dividend and a yield of 0.38%. Alamos Gold's payout ratio is 16.13%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AGI shares. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Royal Bank Of Canada increased their price target on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, Bank of America lowered their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Alamos Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.38.

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.