Alamos Gold Inc. (NYSE:AGI) Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co lessened its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,500 shares of the basic materials company's stock after selling 37,000 shares during the period. PKO Investment Management Joint Stock Co's holdings in Alamos Gold were worth $3,845,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. CIBC Asset Management Inc increased its position in Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after buying an additional 2,867,027 shares in the last quarter. Vanguard Group Inc. grew 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 acquiring an additional 279,280 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold during the fourth quarter worth about $136,000. Deutsche Bank AG increased its holdings in shares of Alamos Gold by 5.3% during the fourth quarter. Deutsche Bank AG now owns 171,943 shares of the basic materials company's stock valued at $3,171,000 after acquiring an additional 8,681 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Alamos Gold by 45.1% during the fourth quarter. Bank of America Corp DE now owns 1,391,497 shares of the basic materials company's stock valued at $25,659,000 after acquiring an additional 432,641 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America reduced their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Royal Bank Of Canada lifted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company 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 note on Monday, April 14th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.

Alamos Gold Price Performance

Shares of AGI traded down $0.24 during trading hours on Friday, hitting $26.46. 5,840,834 shares of the stock were exchanged, compared to its average volume of 2,837,031. The stock's 50-day moving average price is $26.97 and its two-hundred day moving average price is $23.71. Alamos Gold Inc. has a 12-month low of $15.35 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 $11.12 billion, a price-to-earnings ratio of 42.67, a price-to-earnings-growth ratio of 0.64 and a beta of 0.55.

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

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. Alamos Gold's payout ratio is presently 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.