CoreCommodity Management LLC decreased its position in Alamos Gold Inc (NYSE:AGI) (TSE:AGI) by 56.9% during the 4th quarter, HoldingsChannel reports. The fund owned 61,999 shares of the basic materials company’s stock after selling 81,800 shares during the quarter. CoreCommodity Management LLC’s holdings in Alamos Gold were worth $223,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Insight Wealth Strategies LLC acquired a new stake in Alamos Gold in the fourth quarter valued at approximately $45,000. SNS Financial Group LLC acquired a new stake in Alamos Gold in the fourth quarter valued at approximately $47,000. Neuberger Berman Group LLC acquired a new stake in Alamos Gold in the third quarter valued at approximately $57,000. Bbva Compass Bancshares Inc. raised its holdings in Alamos Gold by 79.7% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 38,786 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 17,205 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Alamos Gold in the third quarter valued at approximately $200,000. 58.99% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently weighed in on AGI shares. Canaccord Genuity reaffirmed a “buy” rating on shares of Alamos Gold in a report on Friday, December 7th. Desjardins cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. Zacks Investment Research raised shares of Alamos Gold from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th. Raymond James reiterated a “buy” rating on shares of Alamos Gold in a research note on Wednesday, January 16th. Finally, CIBC reiterated an “average” rating and issued a $8.25 price target on shares of Alamos Gold in a research note on Monday, January 21st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.52.
Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, February 20th. The basic materials company reported $0.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. The company had revenue of $163.10 million for the quarter, compared to analyst estimates of $163.25 million. Alamos Gold had a negative net margin of 11.14% and a positive return on equity of 0.74%. Alamos Gold’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Alamos Gold Inc will post 0.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.01 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.04 annualized dividend and a yield of 0.80%. Alamos Gold’s dividend payout ratio is currently 40.00%.
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About Alamos Gold
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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