Royce & Associates LP Trims Position in Alamos Gold Inc. $AGI

Royce & Associates LP lessened its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,224,091 shares of the basic materials company’s stock after selling 50,000 shares during the period. Royce & Associates LP’s holdings in Alamos Gold were worth $47,267,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Cary Street Partners Financial LLC increased its stake in Alamos Gold by 1.4% in the 4th quarter. Cary Street Partners Financial LLC now owns 24,730 shares of the basic materials company’s stock worth $954,000 after buying an additional 335 shares during the period. Themes Management Co LLC purchased a new position in Alamos Gold during the 4th quarter valued at about $1,216,000. Clearstead Advisors LLC increased its position in Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares during the period. Legal & General Group Plc increased its position in Alamos Gold by 6.7% during the 4th quarter. Legal & General Group Plc now owns 2,769,787 shares of the basic materials company’s stock valued at $107,093,000 after purchasing an additional 174,941 shares during the period. Finally, Evoke Wealth LLC increased its position in Alamos Gold by 18.6% during the 4th quarter. Evoke Wealth LLC now owns 162,976 shares of the basic materials company’s stock valued at $6,288,000 after purchasing an additional 25,519 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Scotiabank raised their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a report on Friday, February 6th. Finally, Weiss Ratings cut shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. One research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $50.67.

Alamos Gold Stock Up 0.2%

AGI stock opened at $38.42 on Tuesday. The firm’s fifty day simple moving average is $43.52 and its 200-day simple moving average is $41.67. The company has a market capitalization of $16.14 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 0.49 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41.

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

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.