Alamos Gold Inc. (NYSE:AGI) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lowered its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 46.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 162,047 shares of the basic materials company's stock after selling 140,988 shares during the quarter. Foundry Partners LLC's holdings in Alamos Gold were worth $4,333,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AGI. Vanguard Group Inc. raised its position in shares of Alamos Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after acquiring an additional 279,280 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in 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 valued at $173,991,000 after buying an additional 1,424,550 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Alamos Gold by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company's stock valued at $138,932,000 after purchasing an additional 318,360 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Alamos Gold by 296.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after purchasing an additional 5,516,186 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Alamos Gold by 2.0% in the fourth quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company's stock valued at $135,855,000 after purchasing an additional 145,726 shares during the period. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AGI. Stifel Nicolaus initiated coverage on Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America cut their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Royal Bank Of Canada raised their price target on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Two research 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. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Trading Up 3.0%

Shares of Alamos Gold stock traded up $0.77 during trading hours on Tuesday, reaching $26.49. 2,471,019 shares of the company's stock were exchanged, compared to its average volume of 2,972,726. Alamos Gold Inc. has a 52-week low of $15.74 and a 52-week high of $31.00. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 42.72, a price-to-earnings-growth ratio of 0.55 and a beta of 0.54. The company has a fifty day moving average of $26.24 and a 200-day moving average of $24.87. 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 (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share 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 firm had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. During the same quarter in the previous year, the business posted $0.13 EPS. Alamos Gold's revenue was up 20.0% compared to the same quarter last year. Sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is presently 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.