Balyasny Asset Management L.P. Has $416,000 Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Balyasny Asset Management L.P. lowered its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 69.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,526 shares of the basic materials company's stock after selling 51,219 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Alamos Gold were worth $416,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Alamos Gold by 296.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after acquiring an additional 5,516,186 shares during the last quarter. Norges Bank acquired a new position in shares of Alamos Gold in the 4th quarter worth $100,694,000. CIBC Asset Management Inc raised its position in shares of Alamos Gold by 59.0% during the fourth 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. Addenda Capital Inc. purchased a new stake in shares of Alamos Gold during the fourth quarter valued at $34,869,000. Finally, Raymond James Financial Inc. purchased a new position in Alamos Gold in the 4th quarter worth about $28,950,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on AGI. Bank of America reduced their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. 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 report on Friday, April 4th. StockNews.com lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Finally, National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.

Alamos Gold Stock Down 1.0%

AGI stock traded down $0.27 during midday trading on Thursday, reaching $25.83. The company had a trading volume of 672,404 shares, compared to its average volume of 2,703,650. The company has a 50 day moving average of $26.71 and a two-hundred day moving average of $22.55. The company has a market capitalization of $10.86 billion, a P/E ratio of 37.34, a PEG ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 1 year low of $15.01 and a 1 year 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.

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 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 return on equity of 10.05% and a net margin of 21.11%. The company's revenue was up 20.0% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. On average, equities research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.39%. The ex-dividend date was Thursday, March 13th. Alamos Gold's payout ratio 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.