Manatuck Hill Partners LLC Sells 20,000 Shares of Alamos Gold Inc. $AGI

Manatuck Hill Partners LLC decreased its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 22.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,000 shares of the basic materials company’s stock after selling 20,000 shares during the quarter. Manatuck Hill Partners LLC’s holdings in Alamos Gold were worth $2,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGI. Atlantic Union Bankshares Corp bought a new position in shares of Alamos Gold during the fourth quarter worth $25,000. Clearstead Advisors LLC lifted its position in Alamos Gold by 62.8% during the fourth 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 last quarter. Smartleaf Asset Management LLC lifted its position in Alamos Gold by 44.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. Bayforest Capital Ltd bought a new position in Alamos Gold during the fourth quarter valued at $44,000. Finally, EverSource Wealth Advisors LLC lifted its position in Alamos Gold by 69.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 581 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AGI has been the subject of several research reports. Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings lowered shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $50.67.

Alamos Gold Price Performance

Alamos Gold stock opened at $37.33 on Thursday. The firm has a 50-day moving average price of $41.59 and a 200-day moving average price of $42.17. The firm has a market capitalization of $15.65 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.50 and a beta of 0.49. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. 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 earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $596.70 million during the quarter, compared to analyst estimates of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business’s revenue was up 79.2% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. As a group, equities research analysts forecast that Alamos Gold Inc. will post 2.46 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is 6.37%.

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.