GMT Capital Corp Sells 957,482 Shares of Alamos Gold Inc. (NYSE:AGI)

GMT Capital Corp trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 21.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,527,775 shares of the basic materials company's stock after selling 957,482 shares during the quarter. Alamos Gold comprises about 3.2% of GMT Capital Corp's holdings, making the stock its 13th biggest holding. GMT Capital Corp owned 0.84% of Alamos Gold worth $65,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its stake in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after buying an additional 856 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Alamos Gold during the fourth quarter valued at $61,000. Cutler Capital Management LLC bought a new stake in Alamos Gold in the 4th quarter worth about $108,000. Finally, Daiwa Securities Group Inc. purchased a new position in Alamos Gold in the 4th quarter worth about $136,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Price Performance

Shares of AGI stock traded up $0.18 on Monday, hitting $28.14. 1,446,622 shares of the stock traded hands, compared to its average volume of 2,539,753. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 0.40 and a beta of 1.02. 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 firm has a 50 day simple moving average of $25.83 and a two-hundred day simple moving average of $21.89. Alamos Gold Inc. has a 52 week low of $14.64 and a 52 week high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. As a group, equities research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business 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 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is currently 14.49%.

Wall Street Analyst Weigh In

AGI has been the subject of several research analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Royal Bank of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Bank of America decreased their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target 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.