Balyasny Asset Management L.P. Reduces Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Balyasny Asset Management L.P. lowered its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 69.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,526 shares of the basic materials company’s stock after selling 51,219 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Alamos Gold were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after buying an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 856 shares during the period. R Squared Ltd purchased a new stake in shares of Alamos Gold in the 4th quarter worth $61,000. Cutler Capital Management LLC bought a new position in Alamos Gold in the 4th quarter worth $108,000. Finally, Daiwa Securities Group Inc. purchased a new position in Alamos Gold during the fourth quarter valued at $136,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE:AGI opened at $24.44 on Friday. The stock has a 50-day moving average price of $26.67 and a 200 day moving average price of $22.45. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12-month low of $15.01 and a 12-month high of $31.00. The stock has a market capitalization of $10.28 billion, a P/E ratio of 35.43, a P/E/G ratio of 0.40 and a beta of 0.60.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The company had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period last year, the business earned $0.13 earnings per share. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.41%. Alamos Gold’s payout ratio is 16.13%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGI. Bank of America reduced their price target on Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. StockNews.com lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Monday, May 5th. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Royal Bank of Canada upped their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Finally, Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Alamos Gold currently has a consensus rating of “Moderate Buy” and an average target price of $30.38.

About Alamos Gold

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.