Alamos Gold Inc. $AGI Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 63.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,933 shares of the basic materials company’s stock after selling 22,460 shares during the quarter. Aigen Investment Management LP’s holdings in Alamos Gold were worth $499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its stake in Alamos Gold by 11.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock worth $351,072,000 after buying an additional 964,317 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Alamos Gold in the fourth quarter valued at $170,000. Mudita Advisors LLP raised its position in Alamos Gold by 10.0% in the fourth quarter. Mudita Advisors LLP now owns 315,943 shares of the basic materials company’s stock valued at $12,189,000 after purchasing an additional 28,839 shares during the period. Bridgewater Associates LP raised its position in Alamos Gold by 555.9% in the fourth quarter. Bridgewater Associates LP now owns 281,285 shares of the basic materials company’s stock valued at $10,852,000 after purchasing an additional 238,400 shares during the period. Finally, Stifel Financial Corp raised its position in Alamos Gold by 2.3% in the fourth quarter. Stifel Financial Corp now owns 215,850 shares of the basic materials company’s stock valued at $8,327,000 after purchasing an additional 4,819 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

AGI has been the topic of a number of research analyst reports. Wall Street Zen downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings downgraded 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 assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and an average price target of $50.67.

Alamos Gold Price Performance

AGI stock opened at $37.61 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $15.76 billion, a PE ratio of 14.98, a P/E/G ratio of 0.45 and a beta of 0.49. Alamos Gold Inc. has a 12-month low of $23.92 and a 12-month high of $55.41. The business’s fifty day moving average price is $41.92 and its 200 day moving average price is $42.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 return on equity of 18.03% and a net margin of 51.24%.The company’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 2.46 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors 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 payout ratio is currently 6.37%.

Alamos Gold Company 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.