Macquarie Group Ltd. cut its stake in Alamos Gold Inc. (NYSE:AGI) by 23.1% during the second quarter, Holdings Channel reports. The institutional investor owned 22,295 shares of the company’s stock after selling 6,708 shares during the period. Macquarie Group Ltd.’s holdings in Alamos Gold were worth $192,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in AGI. Aristotle Capital Boston LLC raised its position in Alamos Gold by 13.3% in the first quarter. Aristotle Capital Boston LLC now owns 283,676 shares of the company’s stock valued at $1,501,000 after buying an additional 33,381 shares in the last quarter. Princeton Alpha Management LP purchased a new position in Alamos Gold during the second quarter valued at about $145,000. CIBC World Markets Inc. raised its position in Alamos Gold by 1.3% in the first quarter. CIBC World Markets Inc. now owns 105,678 shares of the company’s stock valued at $559,000 after buying an additional 1,385 shares in the last quarter. Sun Valley Gold LLC raised its position in Alamos Gold by 4.8% in the first quarter. Sun Valley Gold LLC now owns 7,995,071 shares of the company’s stock valued at $42,294,000 after buying an additional 363,700 shares in the last quarter. Finally, Societe Generale purchased a new position in Alamos Gold during the second quarter valued at about $112,000. 60.54% of the stock is currently owned by institutional investors and hedge funds.
Alamos Gold Inc. (NYSE:AGI) opened at 8.20 on Tuesday. The firm’s market cap is $2.19 billion. Alamos Gold Inc. has a 12 month low of $2.27 and a 12 month high of $10.41. The firm has a 50 day moving average of $8.20 and a 200-day moving average of $7.61.
Alamos Gold (NYSE:AGI) last announced its quarterly earnings data on Wednesday, August 10th. The company reported ($0.01) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.01). Alamos Gold had a negative net margin of 21.64% and a negative return on equity of 3.73%. The business had revenue of $120.10 million for the quarter, compared to analyst estimates of $129.13 million. During the same period last year, the business earned ($0.11) EPS. The company’s revenue was up 68.7% on a year-over-year basis. On average, equities research analysts forecast that Alamos Gold Inc. will post $0.01 earnings per share for the current year.
The business also recently announced a semiannual dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be given a $0.01 dividend. This represents a dividend yield of 0.24%. The ex-dividend date of this dividend is Wednesday, October 12th. Alamos Gold’s dividend payout ratio (DPR) is -5.41%.
AGI has been the topic of several analyst reports. Credit Suisse Group AG raised shares of Alamos Gold from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $7.50 to $11.00 in a report on Thursday, June 30th. Zacks Investment Research lowered shares of Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. TheStreet lowered shares of Alamos Gold from a “hold” rating to a “sell” rating in a report on Wednesday, August 31st. Raymond James Financial Inc. raised shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. Finally, Bank of America Corp. reissued a “buy” rating on shares of Alamos Gold in a report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.03.
Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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