Mitsubishi UFJ Trust & Banking Corp Has $684,000 Position in Alamos Gold Inc. $AGI

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its Alamos Gold stake by 74.7% in Q4, selling 52,962 shares and leaving a 17,925-share position worth about $684,000 per its latest 13F filing.
• Other institutions remain heavily invested — Vanguard owns roughly 17.57 million shares (~$678.3M), and institutional investors collectively hold 64.33% of Alamos Gold.
• Alamos reported Q results of $0.54 EPS (in line) and revenue of $596.7M (up 79.2% YoY but slightly below estimates), raised its quarterly dividend to $0.04 (annual $0.16, 0.4% yield), and has a MarketBeat consensus Buy rating with a $50.67 target.

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 74.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,925 shares of the basic materials company's stock after selling 52,962 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Alamos Gold were worth $684,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Pictet Asset Management Holding SA grew its holdings in shares of Alamos Gold by 6.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 176,263 shares of the basic materials company's stock worth $6,815,000 after purchasing an additional 11,044 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Alamos Gold by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company's stock worth $678,291,000 after purchasing an additional 332,335 shares during the last quarter. Wealth Alliance Advisory Group LLC bought a new stake in shares of Alamos Gold in the 4th quarter worth about $218,000. Concurrent Investment Advisors LLC bought a new stake in shares of Alamos Gold in the 4th quarter worth about $660,000. Finally, Kercheville Advisors LLC grew its holdings in shares of Alamos Gold by 2.5% in the 4th quarter. Kercheville Advisors LLC now owns 85,301 shares of the basic materials company's stock worth $3,596,000 after purchasing an additional 2,050 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Stock Down 0.5%

Shares of NYSE:AGI opened at $38.87 on Wednesday. Alamos Gold Inc. has a 12 month low of $23.75 and a 12 month high of $55.41. The company's 50-day moving average price is $46.27 and its two-hundred day moving average price is $40.78. The company has a quick ratio of 1.60, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The firm has a market cap of $16.32 billion, a P/E ratio of 15.48, a P/E/G ratio of 0.50 and a beta of 0.50.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting analysts' consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm had revenue of $596.70 million for the quarter, compared to analyst estimates of $612.35 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company's revenue was up 79.2% on a year-over-year basis. As a group, research analysts forecast that Alamos Gold Inc. will post 2.46 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. This is an increase from Alamos Gold's previous quarterly dividend of $0.03. Alamos Gold's payout ratio is currently 6.37%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AGI shares. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Wednesday, February 4th. Scotiabank upped their target price on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a "sector outperform" rating in a report on Friday, February 6th. Wall Street Zen lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 1st. Finally, Weiss Ratings lowered shares of Alamos Gold from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $50.67.

Alamos Gold Profile

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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