Crestline Management LP Sells 159,400 Shares of Alamos Gold Inc. (NYSE:AGI)

Crestline Management LP cut its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 43.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,932 shares of the basic materials company's stock after selling 159,400 shares during the period. Crestline Management LP owned about 0.05% of Alamos Gold worth $3,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AGI. Blue Trust Inc. increased its stake in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after buying an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after purchasing an additional 856 shares in the last quarter. R Squared Ltd bought a new stake in Alamos Gold during the 4th quarter valued at approximately $61,000. Cutler Capital Management LLC purchased a new position in Alamos Gold in the 4th quarter worth approximately $108,000. Finally, Daiwa Securities Group Inc. bought a new position in Alamos Gold in the 4th quarter worth approximately $136,000. 64.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on AGI shares. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. StockNews.com lowered Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Bank of America decreased their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada raised their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $30.38.

Alamos Gold Trading Up 1.7 %

Shares of NYSE:AGI traded up $0.45 during trading on Friday, reaching $27.06. The company's stock had a trading volume of 3,654,965 shares, compared to its average volume of 2,660,823. The stock has a market capitalization of $11.38 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 12 month low of $15.01 and a 12 month high of $31.00. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm's 50 day simple moving average is $26.61 and its two-hundred day simple moving average is $22.32.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. During the same period in the previous year, the business earned $0.13 earnings per share. Alamos Gold's revenue for the quarter was up 20.0% on a year-over-year basis. On average, research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is 16.13%.

About Alamos Gold

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.