Alamos Gold Inc. $AGI Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 15.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 566,275 shares of the basic materials company’s stock after selling 104,500 shares during the quarter. Gabelli Funds LLC’s holdings in Alamos Gold were worth $25,160,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Hilltop Holdings Inc. raised its holdings in shares of Alamos Gold by 15.7% during the 1st quarter. Hilltop Holdings Inc. now owns 11,083 shares of the basic materials company’s stock valued at $492,000 after buying an additional 1,500 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Alamos Gold by 1.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 70,845 shares of the basic materials company’s stock worth $3,145,000 after acquiring an additional 1,286 shares during the period. State of Wyoming boosted its holdings in Alamos Gold by 169.4% in the 1st quarter. State of Wyoming now owns 4,944 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 3,109 shares during the period. Cetera Investment Advisers grew its position in Alamos Gold by 14.7% in the first quarter. Cetera Investment Advisers now owns 23,125 shares of the basic materials company’s stock valued at $1,026,000 after acquiring an additional 2,972 shares in the last quarter. Finally, Petra Financial Advisors Inc. raised its stake in shares of Alamos Gold by 2.3% during the first quarter. Petra Financial Advisors Inc. now owns 23,153 shares of the basic materials company’s stock valued at $1,029,000 after purchasing an additional 518 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Royal Bank Of Canada reduced their target price on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Jefferies Financial Group cut their price objective on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Bank of America decreased their price objective on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Wall Street Zen raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Alamos Gold Stock Up 0.7%

Shares of NYSE:AGI opened at $29.59 on Friday. The firm has a market cap of $12.39 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55. The company has a fifty day simple moving average of $33.90 and a 200 day simple moving average of $40.71. 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 posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm’s revenue was up 79.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. On average, equities research analysts anticipate that Alamos Gold Inc. will post 2.19 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, June 11th. Alamos Gold’s dividend payout ratio 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.