UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in Alamos Gold Inc. (NYSE:AGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 442,330 shares of the basic materials company's stock after selling 29,175 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.11% of Alamos Gold worth $8,157,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Baird Financial Group Inc. boosted its position in Alamos Gold by 0.3% in the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock worth $3,349,000 after purchasing an additional 614 shares during the last quarter. NewEdge Advisors LLC boosted its position in Alamos Gold by 1.2% in the fourth quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock worth $1,342,000 after purchasing an additional 854 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in Alamos Gold by 4.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company's stock worth $400,000 after purchasing an additional 1,000 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Alamos Gold by 0.6% in the fourth quarter. Ameriprise Financial Inc. now owns 187,920 shares of the basic materials company's stock worth $3,465,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Alamos Gold by 4.9% in the fourth quarter. Cetera Investment Advisers now owns 23,853 shares of the basic materials company's stock worth $440,000 after purchasing an additional 1,125 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AGI. 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 Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Bank of America lowered their price objective 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 Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.38.

Alamos Gold Price Performance

Shares of NYSE:AGI traded up $0.19 during midday trading on Wednesday, hitting $27.10. The company had a trading volume of 3,031,326 shares, compared to its average volume of 2,775,391. Alamos Gold Inc. has a twelve month low of $15.01 and a twelve month high of $31.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. The business's 50-day simple moving average is $26.75 and its 200-day simple moving average is $23.07.

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). The firm 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%. The company's quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. On average, research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.37%. The ex-dividend date is Thursday, June 12th. Alamos Gold's payout ratio is 16.13%.

About Alamos Gold

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.