Alamos Gold Inc. (NYSE:AGI) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC cut its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,561 shares of the basic materials company's stock after selling 58,000 shares during the quarter. Lord Abbett & CO. LLC owned 0.07% of Alamos Gold worth $5,600,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Veracity Capital LLC grew its position in Alamos Gold by 3.2% in the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock valued at $416,000 after acquiring an additional 694 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Alamos Gold by 1.2% in the fourth quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock valued at $1,342,000 after purchasing an additional 854 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after buying an additional 856 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in Alamos Gold by 4.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company's stock worth $400,000 after buying an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after buying an additional 1,157 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AGI. StockNews.com upgraded Alamos Gold from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. 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 note on Friday, April 4th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Finally, Bank of America lowered their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Stock Down 4.0 %

AGI stock traded down $1.02 during midday trading on Friday, reaching $24.71. 5,292,269 shares of the company were exchanged, compared to its average volume of 2,608,244. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. 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 Inc. has a 1-year low of $15.01 and a 1-year high of $31.00. The stock's 50-day simple moving average is $26.24 and its 200 day simple moving average is $22.13.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings results 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 company had revenue of $333.00 million during the quarter, compared to analysts' expectations 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 last year, the firm earned $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.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.40%. Alamos Gold's dividend payout ratio is presently 16.13%.

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.