Sumitomo Mitsui Trust Group Inc. Reduces Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 13.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,277 shares of the basic materials company's stock after selling 20,717 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in Alamos Gold were worth $3,457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AGI. Sunbelt Securities Inc. bought a new position in shares of Alamos Gold during the 1st quarter valued at $41,000. Cutler Capital Management LLC purchased a new stake in shares of Alamos Gold in the fourth quarter worth $108,000. NBT Bank N A NY bought a new position in shares of Alamos Gold during the first quarter worth $190,000. Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold during the fourth quarter worth $136,000. Finally, Continuum Advisory LLC increased its stake in Alamos Gold by 808.9% in the 1st quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock worth $220,000 after acquiring an additional 7,329 shares during the last quarter. Institutional investors own 64.33% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on AGI. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Bank of America decreased 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. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Royal Bank Of Canada raised their target price 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. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.38.

Alamos Gold Stock Performance

Alamos Gold stock traded up $0.07 during mid-day trading on Friday, reaching $27.04. 1,661,611 shares of the company traded hands, compared to its average volume of 2,889,467. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. Alamos Gold Inc. has a fifty-two week low of $15.74 and a fifty-two week high of $31.00. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 43.60, a price-to-earnings-growth ratio of 0.53 and a beta of 0.54. The firm's fifty day moving average is $26.39 and its two-hundred day moving average is $24.28.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The company had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. During the same quarter in the previous year, the company posted $0.13 EPS. The company's revenue for the quarter was up 20.0% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, June 12th. 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.