Triasima Portfolio Management inc. Trims Holdings in Alamos Gold Inc. $AGI

Key Points

• Triasima Portfolio Management trimmed its Alamos Gold stake by 31.3% in Q4, selling 71,276 shares and ending the quarter with 156,458 shares worth about $6.05 million.
• Other institutions showed mixed activity—several funds added to positions (e.g., Pekin Hardy Strauss now owns 279,008 shares) and a new stake was opened by PVG—leaving about 64.33% of Alamos owned by hedge funds and institutional investors.
• Alamos reported Q results of $0.54 EPS (in line with estimates) and revenue up 79.2% year‑over‑year; the company has low leverage, a market cap of ~$16.6B, a $0.04 quarterly dividend, and a consensus analyst rating of "Buy" with a $50.67 price target.

Triasima Portfolio Management inc. trimmed its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 31.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,458 shares of the basic materials company's stock after selling 71,276 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Alamos Gold were worth $6,049,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PKO Investment Management Joint Stock Co increased its holdings in Alamos Gold by 2.5% in the 4th quarter. PKO Investment Management Joint Stock Co now owns 162,000 shares of the basic materials company's stock worth $6,267,000 after acquiring an additional 4,000 shares in the last quarter. Hussman Strategic Advisors Inc. increased its holdings in Alamos Gold by 19.6% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 61,000 shares of the basic materials company's stock worth $2,353,000 after acquiring an additional 10,000 shares in the last quarter. Sigma Planning Corp increased its holdings in Alamos Gold by 5.0% in the 4th quarter. Sigma Planning Corp now owns 11,795 shares of the basic materials company's stock worth $455,000 after acquiring an additional 557 shares in the last quarter. PVG Asset Management Corp purchased a new stake in Alamos Gold in the 4th quarter worth approximately $206,000. Finally, Pekin Hardy Strauss Inc. increased its holdings in Alamos Gold by 5.7% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 279,008 shares of the basic materials company's stock worth $10,789,000 after acquiring an additional 15,164 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Trading Down 0.0%

AGI stock opened at $39.42 on Monday. Alamos Gold Inc. has a 1-year low of $23.75 and a 1-year high of $55.41. 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 capitalization of $16.55 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.51 and a beta of 0.50. The business has a 50 day simple moving average of $46.45 and a two-hundred day simple moving average of $40.76.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Alamos Gold had a return on equity of 18.61% and a net margin of 51.24%.The business had revenue of $596.70 million during the quarter, compared to the consensus estimate of $612.35 million. During the same period in the prior year, the company posted $0.14 EPS. The firm's revenue for the quarter was up 79.2% compared to the same quarter last year. Research analysts anticipate that Alamos Gold Inc. will post 2.45 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, March 12th. This is a positive change from Alamos Gold's previous quarterly dividend of $0.03. Alamos Gold's dividend payout ratio is currently 6.37%.

Wall Street Analyst Weigh In

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

Alamos Gold Company 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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