Aristotle Capital Boston LLC Sells 200,493 Shares of Alamos Gold Inc. (NYSE:AGI)

Aristotle Capital Boston LLC decreased its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,853,065 shares of the basic materials company's stock after selling 200,493 shares during the quarter. Alamos Gold accounts for about 1.3% of Aristotle Capital Boston LLC's holdings, making the stock its 26th biggest holding. Aristotle Capital Boston LLC owned about 0.44% of Alamos Gold worth $34,171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AGI. Barclays PLC lifted its position in Alamos Gold by 46.6% during the 3rd quarter. Barclays PLC now owns 322,402 shares of the basic materials company's stock worth $6,428,000 after acquiring an additional 102,525 shares during the period. Geode Capital Management LLC grew its position in Alamos Gold by 11.1% in the third quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock valued at $6,224,000 after acquiring an additional 29,933 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Alamos Gold during the third quarter worth approximately $724,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Alamos Gold in the 3rd quarter valued at about $413,000. Finally, Tidal Investments LLC increased its stake in shares of Alamos Gold by 267.0% in the third quarter. Tidal Investments LLC now owns 68,735 shares of the basic materials company's stock valued at $1,371,000 after purchasing an additional 50,005 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada boosted their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Bank of America reduced their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Two 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.

Alamos Gold Stock Up 6.1 %

AGI traded up $1.57 during trading on Tuesday, hitting $27.27. 6,101,191 shares of the company's stock were exchanged, compared to its average volume of 2,639,346. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $26.28 and its two-hundred day moving average is $22.17. Alamos Gold Inc. has a fifty-two week low of $15.01 and a fifty-two week high of $31.00. The stock has a market cap of $11.47 billion, a P/E ratio of 39.52, a PEG ratio of 0.40 and a beta of 1.02.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share 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 for the quarter, compared to the consensus estimate of $324.98 million. During the same quarter in the previous year, the company posted $0.13 EPS. Alamos Gold's quarterly revenue was up 20.0% compared to the same quarter last year. As a group, equities analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

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

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.