Aristotle Capital Boston LLC Has $37.28 Million Position in Alamos Gold Inc. $AGI

Aristotle Capital Boston LLC decreased its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 966,314 shares of the basic materials company’s stock after selling 87,432 shares during the period. Alamos Gold accounts for about 2.0% of Aristotle Capital Boston LLC’s portfolio, making the stock its 8th largest holding. Aristotle Capital Boston LLC owned 0.23% of Alamos Gold worth $37,280,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC boosted its holdings in shares of Alamos Gold by 44.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after buying an additional 222 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Alamos Gold by 2.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock worth $454,000 after purchasing an additional 229 shares in the last quarter. Clearstead Advisors LLC raised its stake in Alamos Gold by 62.8% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 251 shares in the last quarter. Sheets Smith Wealth Management raised its stake in Alamos Gold by 1.3% in the 4th quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock worth $775,000 after purchasing an additional 258 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in Alamos Gold by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock worth $340,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Analysts Set New Price Targets

AGI has been the subject of several analyst reports. Weiss Ratings cut shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Alamos Gold currently has an average rating of “Buy” and an average price target of $50.67.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $37.33 on Thursday. The firm has a 50 day moving average of $41.59 and a 200-day moving average of $42.17. The stock has a market capitalization of $15.65 billion, a PE ratio of 14.87, a PEG 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 issued its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $596.70 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 79.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 EPS. On average, equities research analysts predict that Alamos Gold Inc. will post 2.46 EPS for the current fiscal 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 given a $0.04 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Alamos Gold’s payout ratio is presently 6.37%.

Alamos Gold 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.