Alamos Gold Inc. (NYSE:AGI) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 68.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,798 shares of the basic materials company's stock after selling 122,148 shares during the period. Toronto Dominion Bank's holdings in Alamos Gold were worth $1,047,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AGI. CIBC Asset Management Inc boosted its stake 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 purchasing an additional 2,867,027 shares during the last quarter. Vanguard Group Inc. grew its position in Alamos Gold by 1.8% in 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 in the last quarter. Generate Investment Management Ltd boosted its position in Alamos Gold by 120.8% during the fourth quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company's stock valued at $15,101,000 after buying an additional 448,074 shares during the period. Accordant Advisory Group Inc bought a new position in shares of Alamos Gold during the fourth quarter valued at about $699,000. Finally, Compound Global Advisors LLC bought a new position in shares of Alamos Gold during the fourth quarter valued at about $680,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Up 0.0%

AGI stock traded up $0.00 during midday trading on Thursday, reaching $25.72. 574,997 shares of the company were exchanged, compared to its average volume of 2,712,076. The stock's 50-day simple moving average is $26.71 and its 200 day simple moving average is $22.76. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 1-year low of $15.01 and a 1-year high of $31.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

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 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The business had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Alamos Gold's revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, equities analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Bank of America lowered 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. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.38.

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.