Alamos Gold Inc. (NYSE:AGI) Shares Sold by Empyrean Capital Partners LP

Empyrean Capital Partners LP lessened its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 28.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 400,000 shares of the basic materials company's stock after selling 158,000 shares during the period. Empyrean Capital Partners LP owned approximately 0.10% of Alamos Gold worth $7,376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. CIBC Asset Management Inc grew its position in Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the period. Canoe Financial LP acquired a new stake in shares of Alamos Gold in the fourth quarter valued at about $4,066,000. Addenda Capital Inc. acquired a new position in shares of Alamos Gold during the 4th quarter worth approximately $34,869,000. Vanguard Group Inc. boosted its holdings in shares of Alamos Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after purchasing an additional 279,280 shares during the last quarter. Finally, Generate Investment Management Ltd boosted its holdings in shares of Alamos Gold by 120.8% during the 4th quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company's stock worth $15,101,000 after purchasing an additional 448,074 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Up 1.7%

AGI stock traded up $0.45 during midday trading on Friday, hitting $27.06. The stock had a trading volume of 3,654,965 shares, compared to its average volume of 2,662,708. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold Inc. has a 12-month low of $15.01 and a 12-month high of $31.00. The company's 50-day moving average price is $26.61 and its 200 day moving average price is $22.34.

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

Alamos Gold Dividend Announcement

The firm 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 16.13%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AGI. Bank of America reduced their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada upped their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alamos Gold has an average rating of "Moderate Buy" and a consensus price target of $30.38.

Alamos Gold Company 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.