Toronto Dominion Bank Sells 122,148 Shares of Alamos Gold Inc. (NYSE:AGI)

Toronto Dominion Bank trimmed its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 68.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Alamos Gold by 296.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock worth $136,011,000 after purchasing an additional 5,516,186 shares in the last quarter. Norges Bank acquired a new position in shares of Alamos Gold during the 4th quarter worth about $100,694,000. CIBC Asset Management Inc raised its holdings in shares of Alamos Gold by 59.0% in 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 period. Raymond James Financial Inc. acquired a new stake in Alamos Gold in the 4th quarter valued at about $28,950,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Alamos Gold by 17.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock worth $173,991,000 after purchasing an additional 1,424,550 shares during the period. Institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Down 2.0%

AGI stock traded down $0.53 during trading on Tuesday, reaching $25.71. The stock had a trading volume of 3,024,600 shares, compared to its average volume of 2,718,842. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a one year low of $15.01 and a one year high of $31.00. The company's 50 day moving average is $26.72 and its two-hundred day moving average is $22.72.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results 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 for the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company's revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.39%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Bank of America decreased their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Alamos Gold currently has an average rating of "Moderate Buy" and an average 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.