EAM Investors LLC Sells 14,510 Shares of Alamos Gold Inc. (NYSE:AGI)

EAM Investors LLC decreased its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,694 shares of the basic materials company's stock after selling 14,510 shares during the quarter. EAM Investors LLC's holdings in Alamos Gold were worth $898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Alamos Gold during the 4th quarter worth approximately $100,694,000. CIBC Asset Management Inc grew its position in 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 valued at $142,936,000 after purchasing an additional 2,867,027 shares during the period. Addenda Capital Inc. bought a new stake in Alamos Gold during the 4th quarter valued at $34,869,000. Raymond James Financial Inc. purchased a new stake in Alamos Gold during the fourth quarter worth about $28,950,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Alamos Gold by 17.8% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Analysts Set New Price Targets

AGI has been the subject of several research reports. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Bank of America cut their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Finally, Royal Bank of Canada lifted their target price on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $30.38.

Alamos Gold Price Performance

NYSE:AGI traded down $0.38 during midday trading on Tuesday, hitting $29.38. The company had a trading volume of 1,380,685 shares, compared to its average volume of 3,151,252. The company has a market capitalization of $12.35 billion, a PE ratio of 42.46, a P/E/G ratio of 0.40 and a beta of 1.02. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 52-week low of $14.31 and a 52-week high of $31.00. The stock's fifty day moving average price is $25.38 and its 200-day moving average price is $21.64.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.

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.