Driehaus Capital Management LLC Sells 294,685 Shares of Alamos Gold Inc. $AGI

by · The Cerbat Gem

Driehaus Capital Management LLC lowered its holdings in shares of Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 11.6% in the 1st quarter, HoldingsChannel reports. The firm owned 2,254,708 shares of the basic materials company’s stock after selling 294,685 shares during the period. Driehaus Capital Management LLC’s holdings in Alamos Gold were worth $60,291,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new position in Alamos Gold during the first quarter worth $41,000. SBI Securities Co. Ltd. increased its position in Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock valued at $44,000 after buying an additional 660 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Alamos Gold during the first quarter worth approximately $67,000. Banque Cantonale Vaudoise bought a new position in shares of Alamos Gold in the 1st quarter worth $68,000. Finally, NBT Bank N A NY acquired a new stake in Alamos Gold in the 1st quarter valued at $190,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AGI. Stifel Canada raised shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 8th. CIBC restated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They set a “buy” rating on the stock. National Bankshares reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. Finally, Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and a consensus target price of $30.38.

Get Our Latest Analysis on Alamos Gold

Alamos Gold Stock Down 0.3%

Shares of NYSE AGI opened at $29.63 on Friday. The business has a 50-day simple moving average of $26.41 and a two-hundred day simple moving average of $26.04. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $31.00. The company has a market cap of $12.46 billion, a P/E ratio of 35.70, a P/E/G ratio of 0.65 and a beta of 0.51.

Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The firm had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. During the same period last year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. Research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

About Alamos Gold

(Free Report)

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.

See Also

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