First Eagle Investment Management LLC Has $238.38 Million Stake in Alamos Gold Inc. $AGI

First Eagle Investment Management LLC reduced its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,173,289 shares of the basic materials company’s stock after selling 75,026 shares during the period. First Eagle Investment Management LLC’s holdings in Alamos Gold were worth $238,382,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bayforest Capital Ltd acquired a new stake in shares of Alamos Gold in the 4th quarter valued at $44,000. EverSource Wealth Advisors LLC increased its stake in shares of Alamos Gold by 69.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after buying an additional 581 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Alamos Gold by 93.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock valued at $167,000 after buying an additional 2,307 shares during the period. Empowered Funds LLC acquired a new stake in shares of Alamos Gold in the 1st quarter valued at $200,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Alamos Gold in the 4th quarter valued at $205,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Up 1.3%

NYSE:AGI opened at $43.94 on Tuesday. Alamos Gold Inc. has a 12-month low of $23.75 and a 12-month high of $55.41. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $18.45 billion, a P/E ratio of 17.51, a P/E/G ratio of 0.56 and a beta of 0.50. The stock’s fifty day simple moving average is $45.65 and its 200-day simple moving average is $41.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business had revenue of $596.70 million for the quarter, compared to analyst estimates of $612.35 million. During the same period last year, the company earned $0.14 EPS. The firm’s revenue was up 79.2% on a year-over-year basis. Equities research analysts expect that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a $0.04 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio is 6.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Scotiabank lifted their target price on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $50.67.

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.