GMT Capital Corp Sells 209,200 Shares of Alamos Gold Inc. $AGI

Key Points

• GMT Capital Corp reduced its stake in Alamos Gold Inc. by 5.9%, selling 209,200 shares, but still maintains approximately 4.7% of its portfolio in the company.
• Alamos Gold reported $0.34 EPS for the last quarter, surpassing estimates and reflecting a 31.7% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.025 per share, resulting in an annual yield of 0.3% and a payout ratio of 12.05%.

GMT Capital Corp reduced its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 5.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,318,575 shares of the basic materials company's stock after selling 209,200 shares during the quarter. Alamos Gold accounts for about 4.7% of GMT Capital Corp's holdings, making the stock its 7th largest holding. GMT Capital Corp owned approximately 0.79% of Alamos Gold worth $88,657,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Murphy Pohlad Asset Management LLC grew its holdings in shares of Alamos Gold by 0.3% in the first quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock worth $4,269,000 after acquiring an additional 500 shares during the period. Baird Financial Group Inc. lifted its position in shares of Alamos Gold by 0.3% in the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock valued at $3,349,000 after acquiring an additional 614 shares in the last quarter. Cheviot Value Management LLC lifted its position in shares of Alamos Gold by 1.2% in the first quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company's stock valued at $1,346,000 after acquiring an additional 635 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after acquiring an additional 660 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Alamos Gold by 9.3% in the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock worth $315,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. CIBC reiterated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Stifel Nicolaus started coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Price Performance

AGI stock traded up $0.11 during trading on Wednesday, hitting $32.10. The stock had a trading volume of 3,969,961 shares, compared to its average volume of 3,453,609. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. Alamos Gold Inc. has a twelve month low of $17.42 and a twelve month high of $32.49. The stock has a market capitalization of $13.50 billion, a P/E ratio of 38.67, a PEG ratio of 0.67 and a beta of 0.55. The company's 50-day moving average price is $26.69 and its two-hundred day moving average price is $26.23.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its 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 business had revenue of $438.20 million for 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 was up 31.7% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. As a group, research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold's dividend payout ratio (DPR) is 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.