Allianz Asset Management GmbH Sells 52,540 Shares of Alamos Gold Inc. (NYSE:AGI)

Allianz Asset Management GmbH reduced its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 21.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,378 shares of the basic materials company's stock after selling 52,540 shares during the period. Allianz Asset Management GmbH's holdings in Alamos Gold were worth $5,220,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AGI. Sunbelt Securities Inc. acquired a new stake in Alamos Gold during the 1st quarter worth $41,000. SBI Securities Co. Ltd. raised its stake in Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after buying an additional 660 shares during the period. Cutler Capital Management LLC acquired a new stake in Alamos Gold during the 4th quarter worth $108,000. Coppell Advisory Solutions LLC raised its stake in Alamos Gold by 14.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock worth $181,000 after buying an additional 1,260 shares during the period. Finally, NBT Bank N A NY acquired a new stake in Alamos Gold during the 1st quarter worth $190,000. Institutional investors and hedge funds own 64.33% of the company's stock.

Wall Street Analyst Weigh In

AGI has been the topic of several recent research reports. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada lifted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Bank of America lowered their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Stifel Nicolaus initiated coverage on Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Alamos Gold has an average rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Trading Up 2.0%

NYSE AGI traded up $0.48 on Friday, reaching $24.78. The company had a trading volume of 1,826,194 shares, compared to its average volume of 3,474,285. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 0.55 and a beta of 0.54. Alamos Gold Inc. has a fifty-two week low of $15.74 and a fifty-two week high of $31.00. The business has a 50 day moving average of $26.36 and a two-hundred day moving average of $25.19. 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 (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a return on equity of 10.81% and a net margin of 22.99%. Alamos Gold's quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share. Analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's dividend payout ratio is 16.13%.

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.