Alamos Gold Inc. (NYSE:AGI) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. reduced its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,159,958 shares of the basic materials company's stock after selling 206,422 shares during the period. Alamos Gold comprises 2.4% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 13th largest position. Triasima Portfolio Management inc. owned 0.54% of Alamos Gold worth $29,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Raymond James & Associates increased its stake in Alamos Gold by 74.5% in the 4th quarter. Raymond James & Associates now owns 472,938 shares of the basic materials company's stock worth $6,370,000 after purchasing an additional 201,905 shares during the period. Vanguard Group Inc. grew its position in shares of Alamos Gold by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 14,202,762 shares of the basic materials company's stock worth $160,349,000 after buying an additional 202,396 shares during the last quarter. Genus Capital Management Inc. grew its position in shares of Alamos Gold by 367.0% in the 3rd quarter. Genus Capital Management Inc. now owns 326,000 shares of the basic materials company's stock worth $3,694,000 after buying an additional 256,200 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Alamos Gold by 82.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 122,100 shares of the basic materials company's stock worth $1,384,000 after buying an additional 55,100 shares during the last quarter. Finally, Trexquant Investment LP grew its position in shares of Alamos Gold by 103.0% in the 3rd quarter. Trexquant Investment LP now owns 330,687 shares of the basic materials company's stock worth $3,733,000 after buying an additional 167,794 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Trading Down 1.0 %

Alamos Gold stock traded down $0.16 during mid-day trading on Friday, hitting $15.21. The company had a trading volume of 5,405,708 shares, compared to its average volume of 2,719,708. The stock's 50 day moving average price is $13.18 and its two-hundred day moving average price is $12.99. Alamos Gold Inc. has a 12 month low of $10.78 and a 12 month high of $16.01. The company has a market capitalization of $6.05 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 3.79 and a beta of 1.15.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The business had revenue of $254.60 million for the quarter, compared to the consensus estimate of $257.47 million. During the same period in the previous year, the company posted $0.09 earnings per share. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Alamos Gold Inc. will post 0.66 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold's dividend payout ratio (DPR) is 18.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AGI shares. StockNews.com lowered Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, April 6th. Royal Bank of Canada upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $12.00 to $16.00 in a research report on Thursday, January 11th. National Bank Financial reiterated an "outperform overweight" rating on shares of Alamos Gold in a research report on Monday, April 8th. Bank of America upgraded Alamos Gold from a "neutral" rating to a "buy" rating and lifted their price target for the company from $21.75 to $27.25 in a research report on Tuesday. Finally, Jefferies Financial Group initiated coverage on Alamos Gold in a research report on Thursday, February 29th. They set a "buy" rating and a $14.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Alamos Gold currently has an average rating of "Moderate Buy" and an average price target of $16.95.

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.