Easterly Investment Partners LLC Reduces Stock Position in Alamos Gold Inc. (NYSE:AGI)

Easterly Investment Partners LLC reduced its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 25.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,606 shares of the basic materials company's stock after selling 76,468 shares during the period. Easterly Investment Partners LLC owned about 0.05% of Alamos Gold worth $5,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Alamos Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after buying an additional 279,280 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 worth $173,991,000 after buying an additional 1,424,550 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Alamos Gold by 4.4% during the 4th quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company's stock worth $138,932,000 after buying an additional 318,360 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 worth $136,011,000 after buying an additional 5,516,186 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Alamos Gold by 2.0% during the 4th quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company's stock worth $135,855,000 after buying an additional 145,726 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AGI. Royal Bank Of Canada upped their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. 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, CIBC reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Alamos Gold currently has an average rating of "Buy" and an average price target of $30.38.

Alamos Gold Trading Down 2.0%

Shares of AGI traded down $0.52 during mid-day trading on Friday, hitting $24.86. 4,112,036 shares of the company's stock traded hands, compared to its average volume of 2,971,155. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 1 year low of $15.74 and a 1 year high of $31.00. The firm has a market capitalization of $10.45 billion, a P/E ratio of 40.10, a PEG ratio of 0.55 and a beta of 0.54. The business's 50-day moving average price is $26.24 and its 200-day moving average price is $24.83.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The firm had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The company's revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.40%. Alamos Gold's payout ratio is 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.