Alamos Gold Inc. (NYSE:AGI) Stake Lessened by Ninety One UK Ltd

Ninety One UK Ltd cut its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 15.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,806,815 shares of the basic materials company's stock after selling 335,845 shares during the quarter. Ninety One UK Ltd owned approximately 0.43% of Alamos Gold worth $48,270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Murphy Pohlad Asset Management LLC grew its holdings in shares of Alamos Gold by 0.3% during the first quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock worth $4,269,000 after buying an additional 500 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Alamos Gold by 0.3% in the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock valued at $3,349,000 after purchasing an additional 614 shares during the period. NewEdge Advisors LLC grew its holdings in Alamos Gold by 1.2% in the fourth quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock valued at $1,342,000 after purchasing an additional 854 shares during the period. Ameriprise Financial Inc. grew its holdings in Alamos Gold by 0.6% in the fourth quarter. Ameriprise Financial Inc. now owns 187,920 shares of the basic materials company's stock valued at $3,465,000 after purchasing an additional 1,063 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Alamos Gold by 4.9% in the fourth quarter. Cetera Investment Advisers now owns 23,853 shares of the basic materials company's stock valued at $440,000 after purchasing an additional 1,125 shares during the period. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Stock Up 1.9%

Shares of NYSE:AGI traded up $0.49 during midday trading on Friday, reaching $26.60. The company had a trading volume of 3,268,598 shares, compared to its average volume of 2,926,213. 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 stock's fifty day moving average price is $26.34 and its 200-day moving average price is $24.53. The stock has a market capitalization of $11.18 billion, a P/E ratio of 42.90, a PEG ratio of 0.55 and a beta of 0.54. Alamos Gold Inc. has a one year low of $15.74 and a one year high of $31.00.

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

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a $0.025 dividend. The ex-dividend date was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

Analysts Set New Price Targets

A number of research analysts have weighed in on AGI shares. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Bank of America reduced their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Royal Bank Of Canada boosted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. 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, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Alamos Gold presently has an average rating of "Buy" and an average price target of $30.38.

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.