Generali Investments CEE investicni spolecnost a.s. Decreases Stock Holdings in Alamos Gold Inc. $AGI

Generali Investments CEE investicni spolecnost a.s. lessened its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 57.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,836 shares of the basic materials company’s stock after selling 20,164 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Alamos Gold were worth $517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Addenda Capital Inc. increased its holdings in Alamos Gold by 17.0% in the 3rd quarter. Addenda Capital Inc. now owns 2,274,863 shares of the basic materials company’s stock valued at $79,302,000 after purchasing an additional 329,935 shares in the last quarter. Sheets Smith Investment Management purchased a new stake in shares of Alamos Gold in the third quarter worth about $1,646,000. Pinnacle Wealth Management Group Inc. grew its stake in shares of Alamos Gold by 0.5% in the third quarter. Pinnacle Wealth Management Group Inc. now owns 72,121 shares of the basic materials company’s stock valued at $2,514,000 after buying an additional 390 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Alamos Gold in the third quarter valued at about $35,000. Finally, Corient Private Wealth LLC raised its holdings in shares of Alamos Gold by 102.3% during the 2nd quarter. Corient Private Wealth LLC now owns 28,905 shares of the basic materials company’s stock valued at $768,000 after buying an additional 14,619 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analysts Set New Price Targets

AGI has been the subject of a number of analyst reports. Zacks Research cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. TD Securities restated a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Desjardins began coverage on shares of Alamos Gold in a report on Friday, November 28th. They set a “buy” rating for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $49.00 price objective on shares of Alamos Gold in a report on Sunday, December 7th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $43.00.

Alamos Gold Stock Up 5.3%

Shares of NYSE:AGI opened at $40.50 on Tuesday. The firm has a market cap of $17.00 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 0.54 and a beta of 0.63. The company has a fifty day simple moving average of $34.45 and a 200 day simple moving average of $30.78. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 12-month low of $17.80 and a 12-month high of $40.82.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $462.30 million for the quarter, compared to the consensus estimate of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The firm’s revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. On average, equities research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, December 4th. Alamos Gold’s dividend payout ratio (DPR) is 7.81%.

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.