Alamos Gold Inc. (NYSE:AGI) Stock Holdings Reduced by Atria Investments Inc

Atria Investments Inc cut its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,870 shares of the basic materials company’s stock after selling 523 shares during the period. Atria Investments Inc’s holdings in Alamos Gold were worth $237,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AGI. Blue Trust Inc. boosted its holdings in Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 last quarter. R Squared Ltd bought a new position in shares of Alamos Gold in the 4th quarter valued at approximately $61,000. XTX Topco Ltd acquired a new stake in Alamos Gold in the 3rd quarter worth approximately $207,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Alamos Gold during the third quarter valued at approximately $258,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $26.06.

Alamos Gold Stock Performance

Shares of NYSE AGI opened at $25.83 on Wednesday. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a one year low of $13.06 and a one year high of $26.35. The business has a fifty day simple moving average of $22.05 and a 200 day simple moving average of $20.32. 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 (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. Sell-side analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold’s payout ratio is 14.49%.

Alamos Gold Profile

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.