Oak Ridge Investments LLC Sells 26,510 Shares of Alamos Gold Inc. $AGI

Key Points

• Oak Ridge Investments LLC cut its stake in Alamos Gold by 40.5% in Q4, selling 26,510 shares and leaving 38,923 shares valued at about $1.502 million; overall institutional ownership is ~64.33%.
• Alamos Gold reported Q results with EPS $0.54 (beat $0.49) and revenue of $575.3M, up 53.1% year-over-year, recently raised its quarterly dividend to $0.04, and carries an average analyst rating of Buy with a consensus target of $50.67 while shares trade near $48.23.

Oak Ridge Investments LLC reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 40.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 38,923 shares of the basic materials company's stock after selling 26,510 shares during the period. Oak Ridge Investments LLC's holdings in Alamos Gold were worth $1,502,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. bought a new stake in Alamos Gold during the 3rd quarter worth approximately $35,000. EverSource Wealth Advisors LLC boosted its stake in shares of Alamos Gold by 69.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company's stock worth $49,000 after buying an additional 581 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Alamos Gold by 528.4% in the third quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company's stock valued at $156,000 after purchasing an additional 3,757 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Alamos Gold by 93.2% in the third quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company's stock valued at $167,000 after purchasing an additional 2,307 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Alamos Gold in the first quarter valued at approximately $200,000. 64.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AGI shares. Wall Street Zen cut shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 1st. Weiss Ratings cut Alamos Gold from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Thursday, April 2nd. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Scotiabank upped their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the company a "sector outperform" rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $50.67.

Alamos Gold Trading Down 0.5%

Shares of AGI stock opened at $48.23 on Tuesday. Alamos Gold Inc. has a 1 year low of $23.75 and a 1 year high of $55.41. The firm has a fifty day moving average price of $45.84 and a 200-day moving average price of $39.75. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.00 and a quick ratio of 1.60. The company has a market cap of $20.25 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 0.67 and a beta of 0.63.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The firm had revenue of $575.30 million during the quarter, compared to the consensus estimate of $596.18 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The company's revenue for the quarter was up 53.1% compared to the same quarter last year. As a group, equities analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a dividend of $0.04 per share. This is a positive change from Alamos Gold's previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold's dividend payout ratio is presently 7.62%.

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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