Tobam Sells 158,378 Shares of Alamos Gold Inc. (NYSE:AGI)

Tobam trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 93.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,629 shares of the basic materials company's stock after selling 158,378 shares during the quarter. Tobam's holdings in Alamos Gold were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC bought a new stake in Alamos Gold during the fourth quarter worth approximately $27,000. Tower Research Capital LLC TRC raised its holdings in Alamos Gold by 230.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,948 shares of the basic materials company's stock worth $47,000 after acquiring an additional 2,752 shares during the period. IFP Advisors Inc acquired a new position in shares of Alamos Gold during the 2nd quarter worth about $84,000. Fifth Third Bancorp acquired a new position in Alamos Gold during the 4th quarter valued at $96,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Alamos Gold by 58.8% in the first quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company's stock valued at $83,000 after buying an additional 3,665 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Up 1.3 %

Shares of Alamos Gold stock traded up $0.20 during midday trading on Thursday, reaching $15.36. The company had a trading volume of 2,386,545 shares, compared to its average volume of 2,541,507. The stock has a fifty day simple moving average of $13.07 and a 200 day simple moving average of $12.95. Alamos Gold Inc. has a 1-year low of $10.78 and a 1-year high of $15.48. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 1.48 and a beta of 1.15.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The company had revenue of $254.60 million for the quarter, compared to analyst estimates of $257.47 million. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. Sell-side analysts expect that Alamos Gold Inc. will post 0.59 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.025 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.65%. Alamos Gold's dividend payout ratio (DPR) is presently 18.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. National Bank Financial reiterated an "outperform overweight" rating on shares of Alamos Gold in a research note on Wednesday, January 3rd. Bank of America raised shares of Alamos Gold from a "neutral" rating to a "buy" rating and upped their target price for the company from $21.75 to $27.25 in a research note on Tuesday. StockNews.com cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, April 6th. Royal Bank of Canada upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $12.00 to $16.00 in a research note on Thursday, January 11th. Finally, Jefferies Financial Group started coverage on Alamos Gold in a report on Thursday, February 29th. They issued a "buy" rating and a $14.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of "Moderate Buy" and an average target price of $16.95.

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.