Royce & Associates LP Sells 695,000 Shares of Alamos Gold Inc. (NYSE:AGI)

Royce & Associates LP reduced its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 29.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,632,279 shares of the basic materials company's stock after selling 695,000 shares during the period. Royce & Associates LP owned approximately 0.39% of Alamos Gold worth $43,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in Alamos Gold in the first quarter valued at $491,000. Jennison Associates LLC purchased a new position in Alamos Gold during the first quarter worth about $8,438,000. SeaBridge Investment Advisors LLC increased its position in shares of Alamos Gold by 10.0% during the first quarter. SeaBridge Investment Advisors LLC now owns 11,000 shares of the basic materials company's stock valued at $294,000 after acquiring an additional 1,000 shares during the last quarter. SBI Securities Co. Ltd. increased 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 acquiring an additional 660 shares during the last quarter. Finally, Sigma Planning Corp acquired a new stake in shares of Alamos Gold during the first quarter valued at about $885,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AGI has been the subject of a number of recent research reports. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating for the company. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. CIBC reissued an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Finally, Bank of America cut their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $30.38.

Alamos Gold Trading Up 0.8%

AGI traded up $0.20 during trading on Friday, reaching $25.92. The company had a trading volume of 3,269,631 shares, compared to its average volume of 3,103,189. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.94 and a current ratio of 1.49. Alamos Gold Inc. has a 12-month low of $15.74 and a 12-month high of $31.00. The firm's 50-day simple moving average is $26.39 and its 200 day simple moving average is $25.07. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 0.56 and a beta of 0.54.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly 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 net margin of 18.36% and a return on equity of 9.83%. The firm had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The firm's quarterly revenue was up 20.0% compared to the same quarter last year. Equities research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently announced 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 was Thursday, June 12th. This represents a $0.10 annualized dividend and a yield of 0.39%. Alamos Gold's dividend payout ratio (DPR) 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.