U S Global Investors Inc. Sells 215,000 Shares of Alamos Gold Inc. $AGI

Key Points

• U S Global Investors Inc. sold 215,000 shares of Alamos Gold, cutting its stake by 86.0% to 35,000 shares worth $1.35 million as of the latest 13F filing.
• Alamos reported Q results with EPS $0.54 (vs. $0.49 expected) and revenue up 53.1% year-over-year to $575.3 million, and the company raised its quarterly dividend from $0.03 to $0.04 per share.
• The stock trades near $44 with a 52-week range of $23.75–$55.41 and a market cap of $18.46 billion, and analysts maintain a consensus "Buy" rating with a $50.67 average price target.

U S Global Investors Inc. reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 86.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,000 shares of the basic materials company's stock after selling 215,000 shares during the quarter. U S Global Investors Inc.'s holdings in Alamos Gold were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGI. Vanguard Group Inc. grew its holdings in shares of Alamos Gold by 3.1% in the third quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company's stock valued at $600,712,000 after purchasing an additional 524,263 shares in the last quarter. Intact Investment Management Inc. raised its position in shares of Alamos Gold by 3.8% during the 3rd quarter. Intact Investment Management Inc. now owns 657,696 shares of the basic materials company's stock valued at $22,928,000 after buying an additional 24,330 shares in the last quarter. Caldwell Investment Management Ltd. lifted its holdings in shares of Alamos Gold by 143.5% in the 3rd quarter. Caldwell Investment Management Ltd. now owns 168,000 shares of the basic materials company's stock valued at $5,818,000 after acquiring an additional 99,000 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Alamos Gold by 29.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,468,980 shares of the basic materials company's stock worth $51,192,000 after acquiring an additional 336,200 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its position in Alamos Gold by 2,652.7% during the third quarter. SBI Securities Co. Ltd. now owns 55,411 shares of the basic materials company's stock valued at $1,932,000 after purchasing an additional 53,398 shares during the period. Institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Down 2.6%

NYSE AGI opened at $43.97 on Friday. Alamos Gold Inc. has a 52 week low of $23.75 and a 52 week high of $55.41. The company has a 50 day moving average price of $46.70 and a 200 day moving average price of $40.38. The company has a quick ratio of 1.60, a current ratio of 2.00 and a debt-to-equity ratio of 0.05. The firm has a market cap of $18.46 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. The business had revenue of $575.30 million during the quarter, compared to the consensus estimate of $596.18 million. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The company's quarterly revenue was up 53.1% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 2.5 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued 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 of this dividend was Thursday, March 12th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Alamos Gold's payout ratio is presently 7.62%.

Wall Street Analysts Forecast Growth

AGI has been the topic of several recent research reports. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Alamos Gold in a report on Wednesday, February 4th. Wall Street Zen downgraded shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 1st. Weiss Ratings downgraded Alamos Gold from a "buy (a-)" rating to a "buy (b+)" rating in a report on Thursday, April 2nd. Finally, Scotiabank increased their target price 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 equities 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target 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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