General American Investors Co. Inc. Cuts Holdings in Alamos Gold Inc. $AGI

General American Investors Co. Inc. reduced its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 48.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 241,219 shares of the basic materials company’s stock after selling 231,219 shares during the quarter. General American Investors Co. Inc. owned about 0.06% of Alamos Gold worth $9,306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AGI. Goldman Sachs Group Inc. grew its holdings in Alamos Gold by 105.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after purchasing an additional 1,227,695 shares during the last quarter. Empowered Funds LLC purchased a new position in Alamos Gold in the first quarter worth $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Alamos Gold by 129.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock worth $27,111,000 after purchasing an additional 571,536 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Alamos Gold by 375.1% in the second quarter. Qube Research & Technologies Ltd now owns 980,474 shares of the basic materials company’s stock worth $26,042,000 after purchasing an additional 774,111 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Alamos Gold by 6.9% in the second quarter. Sei Investments Co. now owns 403,217 shares of the basic materials company’s stock worth $10,709,000 after purchasing an additional 26,045 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Alamos Gold Trading Up 2.0%

NYSE:AGI opened at $35.16 on Friday. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41. The firm has a fifty day simple moving average of $42.09 and a 200-day simple moving average of $42.08. 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 $14.74 billion, a P/E ratio of 14.01, a PEG ratio of 0.45 and a beta of 0.49.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $596.70 million during 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 quarterly revenue was up 79.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, equities research analysts anticipate that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Alamos Gold’s payout ratio is currently 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.