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

Fiera Capital Corp trimmed its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 11.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 538,649 shares of the basic materials company's stock after selling 67,193 shares during the quarter. Fiera Capital Corp owned approximately 0.13% of Alamos Gold worth $14,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Alamos Gold by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock valued at $295,105,000 after acquiring an additional 279,280 shares during the last quarter. Norges Bank purchased a new position in shares of Alamos Gold during the 4th quarter valued at about $100,694,000. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Alamos Gold by 130.6% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 90,994 shares of the basic materials company's stock valued at $1,677,000 after purchasing an additional 51,533 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Alamos Gold by 36.3% during the 4th quarter. Geode Capital Management LLC now owns 408,434 shares of the basic materials company's stock valued at $7,532,000 after purchasing an additional 108,822 shares during the last quarter. Finally, Trexquant Investment LP increased its stake in shares of Alamos Gold by 54.2% in the fourth quarter. Trexquant Investment LP now owns 192,787 shares of the basic materials company's stock worth $3,555,000 after buying an additional 67,743 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AGI. Stifel Nicolaus began coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Bank of America reduced their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Two 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 MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Stock Up 2.1%

Alamos Gold stock traded up $0.52 on Friday, hitting $24.82. 4,965,624 shares of the stock traded hands, compared to its average volume of 3,496,831. The business's fifty day simple moving average is $26.36 and its 200 day simple moving average is $25.19. The firm has a market cap of $10.43 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 0.55 and a beta of 0.54. The company has a current ratio of 1.49, a quick ratio of 0.94 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.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Alamos Gold had a net margin of 22.99% and a return on equity of 10.81%. The firm had revenue of $438.20 million during the quarter, compared to analyst estimates of $400.61 million. During the same period last year, the business earned $0.24 earnings per share. The business's revenue was up 31.7% on a year-over-year basis. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders 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 yield of 0.4%. Alamos Gold's payout ratio is 16.13%.

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.