Montrusco Bolton Investments Inc. Has $3.91 Million Stock Position in Alamos Gold Inc. $AGI

Montrusco Bolton Investments Inc. lowered its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 82.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,079 shares of the basic materials company’s stock after selling 424,168 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Alamos Gold were worth $3,906,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Alamos Gold during the 4th quarter worth about $25,000. Clearstead Advisors LLC grew its stake in shares of Alamos Gold by 62.7% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after buying an additional 251 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Alamos Gold by 44.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after buying an additional 222 shares in the last quarter. Bayforest Capital Ltd acquired a new position in Alamos Gold in the fourth quarter worth approximately $44,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Alamos Gold by 69.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after buying an additional 581 shares during the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

AGI opened at $31.58 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01. The company has a market cap of $13.24 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.55. The stock has a 50-day moving average of $37.82 and a 200-day moving average of $41.71. Alamos Gold Inc. has a 52-week low of $23.92 and a 52-week high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $612.35 million. During the same period last year, the business earned $0.14 EPS. The firm’s revenue was up 79.2% compared to the same quarter last year. As a group, equities research analysts forecast that Alamos Gold Inc. will post 2.35 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is 6.37%.

Analysts Set New Price Targets

A number of analysts have issued reports on AGI shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Bank of America cut their price target on shares of Alamos Gold from $57.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Finally, Weiss Ratings lowered shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and a consensus target price of $53.00.

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.