Foundry Partners LLC Sells 140,988 Shares of Alamos Gold Inc. (NYSE:AGI)

Foundry Partners LLC cut its stake 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 disclosure with the SEC. 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in shares of Alamos Gold during the 1st quarter worth $41,000. SBI Securities Co. Ltd. boosted its position in shares of Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after buying an additional 660 shares during the last quarter. Cutler Capital Management LLC purchased a new position in shares of Alamos Gold during the fourth quarter valued at approximately $108,000. Coppell Advisory Solutions LLC lifted its holdings in Alamos Gold by 14.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock worth $181,000 after acquiring an additional 1,260 shares during the period. Finally, NBT Bank N A NY bought a new stake in shares of Alamos Gold in the first quarter valued at $190,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGI has been the subject of several research reports. CIBC reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Royal Bank Of Canada raised their price objective on Alamos Gold from $27.00 to $30.00 and gave the company 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 note on Monday, May 5th. Stifel Nicolaus began coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Finally, Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Alamos Gold has an average rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Stock Performance

Shares of AGI stock traded down $0.27 during trading hours on Wednesday, reaching $26.11. 1,276,391 shares of the company traded hands, compared to its average volume of 2,975,862. The company has a market cap of $10.98 billion, a P/E ratio of 42.03, a P/E/G ratio of 0.57 and a beta of 0.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. The firm has a 50-day moving average price of $26.24 and a 200 day moving average price of $24.87. Alamos Gold Inc. has a 12-month low of $15.74 and a 12-month high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data 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 period in the prior year, the company posted $0.13 earnings per share. The firm's revenue for the quarter was up 20.0% on a year-over-year basis. As a group, sell-side analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors 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 0.38%. Alamos Gold's dividend payout ratio is currently 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.