EAM Global Investors LLC Sells 282,877 Shares of Alamos Gold Inc. (NYSE:AGI)

EAM Global Investors LLC trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 70.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 116,743 shares of the basic materials company's stock after selling 282,877 shares during the quarter. EAM Global Investors LLC's holdings in Alamos Gold were worth $2,153,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Alamos Gold in the fourth quarter valued at $100,694,000. CIBC Asset Management Inc lifted its position in shares of Alamos Gold by 59.0% in 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 buying an additional 2,867,027 shares during the last quarter. Addenda Capital Inc. acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $34,869,000. Raymond James Financial Inc. acquired a new position in Alamos Gold during the 4th quarter valued at about $28,950,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Alamos Gold by 17.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock valued at $173,991,000 after acquiring an additional 1,424,550 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AGI. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. StockNews.com raised shares of Alamos Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, Bank of America decreased 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 note on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Trading Down 1.3 %

AGI traded down $0.39 during midday trading on Monday, reaching $29.19. 1,943,670 shares of the company were exchanged, compared to its average volume of 2,528,999. The stock's 50-day simple moving average is $25.24 and its 200 day simple moving average is $21.57. The stock has a market capitalization of $12.27 billion, a P/E ratio of 42.30, a PEG ratio of 0.40 and a beta of 1.02. Alamos Gold Inc. has a one year low of $14.31 and a one year high of $32.06. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, analysts forecast 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. This represents a $0.10 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's payout ratio is 14.49%.

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.