Tidal Investments LLC Has $375,000 Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Tidal Investments LLC reduced its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 70.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,325 shares of the basic materials company's stock after selling 48,410 shares during the period. Tidal Investments LLC's holdings in Alamos Gold were worth $375,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after acquiring an additional 1,157 shares in the last quarter. R Squared Ltd purchased a new position in shares of Alamos Gold in the fourth quarter worth approximately $61,000. Cutler Capital Management LLC purchased a new position in Alamos Gold during the fourth quarter valued at approximately $108,000. Daiwa Securities Group Inc. purchased a new position in Alamos Gold during the fourth quarter valued at approximately $136,000. Finally, Coppell Advisory Solutions LLC grew its position 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 valued at $181,000 after purchasing an additional 1,260 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Down 1.5%

AGI stock traded down $0.40 during trading hours on Tuesday, hitting $26.95. The company's stock had a trading volume of 4,060,815 shares, compared to its average volume of 2,770,470. The stock has a 50 day moving average price of $26.74 and a two-hundred day moving average price of $23.04. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12 month low of $15.01 and a 12 month high of $31.00. The company has a market capitalization of $11.33 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued 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 return on equity of 10.05% and a net margin of 21.11%. 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 firm posted $0.13 earnings per share. Alamos Gold's quarterly revenue was up 20.0% compared to the same quarter last year. On average, equities research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Thursday, June 12th. Alamos Gold's payout ratio is 16.13%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AGI shares. 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 raised shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America decreased their target price 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 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 analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.38.

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.