Alamos Gold Inc. (NYSE:AGI) Stock Holdings Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,012,767 shares of the basic materials company's stock after selling 53,661 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.48% of Alamos Gold worth $37,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of AGI. Blue Trust Inc. lifted its holdings in Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in 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 buying an additional 856 shares during the period. R Squared Ltd purchased a new position in Alamos Gold in the fourth quarter valued at about $61,000. Cutler Capital Management LLC acquired a new stake in shares of Alamos Gold during the 4th quarter valued at approximately $108,000. Finally, Daiwa Securities Group Inc. purchased a new position in Alamos Gold in the 4th quarter valued at approximately $136,000. Institutional investors and hedge funds own 64.33% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America dropped their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Royal Bank of Canada upped their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. StockNews.com downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Alamos Gold currently has an average rating of "Moderate Buy" and an average price target of $30.38.

Alamos Gold Trading Down 0.6 %

NYSE:AGI traded down $0.16 on Wednesday, hitting $27.08. 827,028 shares of the stock were exchanged, compared to its average volume of 2,632,461. The stock has a market cap of $11.39 billion, a PE ratio of 39.18, a PEG ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a fifty-two week low of $15.01 and a fifty-two week 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 stock has a fifty day moving average of $26.37 and a 200-day moving average of $22.21.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released 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 return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. During the same period in the previous year, the company earned $0.13 EPS. Alamos Gold's revenue was up 20.0% on a year-over-year basis. As a group, equities analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. Alamos Gold's payout ratio is currently 16.13%.

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.