Fiera Capital Corp Sells 67,193 Shares of Alamos Gold Inc. (NYSE:AGI)

Fiera Capital Corp reduced its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 538,649 shares of the basic materials company's stock after selling 67,193 shares during the quarter. Fiera Capital Corp owned 0.13% of Alamos Gold worth $14,407,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Alamos Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after purchasing an additional 279,280 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Alamos Gold during the 1st quarter worth approximately $320,000. Brown Advisory Inc. boosted its holdings in Alamos Gold by 9.3% in the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock worth $315,000 after acquiring an additional 1,000 shares during the period. LBP AM SA acquired a new stake in Alamos Gold in the first quarter valued at approximately $1,155,000. Finally, Goehring & Rozencwajg Associates LLC raised its stake in shares of Alamos Gold by 2.3% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,223,257 shares of the basic materials company's stock valued at $31,915,000 after purchasing an additional 27,032 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Wall Street Zen raised Alamos Gold from a "hold" rating to a "buy" rating in a report on Saturday. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Stifel Nicolaus assumed coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Finally, CIBC reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Trading Up 2.1%

Shares of NYSE:AGI traded up $0.52 during mid-day trading on Friday, hitting $24.82. The stock had a trading volume of 4,965,624 shares, compared to its average volume of 3,480,920. The company's 50 day moving average is $26.33 and its 200-day moving average is $25.23. Alamos Gold Inc. has a 12-month low of $15.74 and a 12-month high of $31.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.94 and a current ratio of 1.49. The company has a market cap of $10.43 billion, a PE ratio of 29.90, a P/E/G ratio of 0.53 and a beta of 0.51.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The company 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%. The business's quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. On average, sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is 12.05%.

About Alamos Gold

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.