Alamos Gold Inc. $AGI is Spark Investment Management LLC’s 9th Largest Position

Spark Investment Management LLC cut its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 39.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,000 shares of the basic materials company’s stock after selling 36,000 shares during the quarter. Alamos Gold makes up approximately 4.1% of Spark Investment Management LLC’s portfolio, making the stock its 9th largest holding. Spark Investment Management LLC’s holdings in Alamos Gold were worth $1,491,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AGI. Vanguard Group Inc. raised its holdings in shares of Alamos Gold by 1.3% during the first quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company’s stock valued at $433,133,000 after acquiring an additional 214,933 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Alamos Gold by 19.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company’s stock worth $156,780,000 after acquiring an additional 957,359 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Alamos Gold by 639.2% during the second quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock worth $91,379,000 after purchasing an additional 2,923,478 shares in the last quarter. American Century Companies Inc. raised its stake in Alamos Gold by 4.9% in the 1st quarter. American Century Companies Inc. now owns 2,769,539 shares of the basic materials company’s stock valued at $74,029,000 after purchasing an additional 129,334 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in Alamos Gold by 1.7% in the 2nd quarter. TD Asset Management Inc now owns 2,599,832 shares of the basic materials company’s stock valued at $69,011,000 after purchasing an additional 43,497 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Alamos Gold stock opened at $33.83 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $32.99 and a 200 day moving average price of $28.99. Alamos Gold Inc. has a 12-month low of $17.80 and a 12-month high of $37.54. The stock has a market cap of $14.23 billion, a P/E ratio of 26.43, a PEG ratio of 0.50 and a beta of 0.50.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.69%. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 EPS. Sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.10 annualized dividend and a yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is 7.81%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AGI shares. Zacks Research cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. National Bankshares restated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Bank of America increased their price objective on shares of Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Weiss Ratings cut Alamos Gold from a “buy (a)” rating to a “buy (b+)” rating in a report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $41.00.

Alamos Gold Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.