General American Investors Co. Inc. Has $13.05 Million Position in Alamos Gold Inc. (NYSE:AGI)

General American Investors Co. Inc. lessened its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 10.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 832,438 shares of the basic materials company’s stock after selling 100,000 shares during the period. General American Investors Co. Inc.’s holdings in Alamos Gold were worth $13,053,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its position in shares of Alamos Gold by 131.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company’s stock valued at $1,434,000 after acquiring an additional 55,352 shares during the period. National Bank of Canada FI lifted its position in shares of Alamos Gold by 3.4% during the 1st quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company’s stock valued at $21,824,000 after acquiring an additional 45,412 shares during the period. Vanguard Group Inc. lifted its position in shares of Alamos Gold by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 14,419,042 shares of the basic materials company’s stock valued at $194,224,000 after acquiring an additional 216,280 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Alamos Gold by 71.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock valued at $97,183,000 after acquiring an additional 2,756,759 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Alamos Gold by 66.2% during the first quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock worth $2,829,000 after buying an additional 76,379 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AGI has been the topic of several research reports. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Scotiabank upped their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, Jefferies Financial Group upped their price objective on shares of Alamos Gold from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Alamos Gold currently has an average rating of “Moderate Buy” and an average target price of $22.06.

Alamos Gold Price Performance

NYSE AGI opened at $18.10 on Friday. Alamos Gold Inc. has a 1 year low of $10.78 and a 1 year high of $20.24. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 0.83 and a beta of 1.16. The company has a fifty day moving average price of $17.75 and a 200-day moving average price of $15.87.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The firm had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue was up 27.4% compared to the same quarter last year. On average, research analysts anticipate that Alamos Gold Inc. will post 0.75 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.55%. Alamos Gold’s payout ratio is currently 19.23%.

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.