Foundry Partners LLC Sells 145,085 Shares of Alamos Gold Inc. (NYSE:AGI)

Foundry Partners LLC reduced its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 24.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 456,093 shares of the basic materials company's stock after selling 145,085 shares during the period. Foundry Partners LLC owned approximately 0.11% of Alamos Gold worth $6,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. AE Wealth Management LLC increased its holdings in shares of Alamos Gold by 2.8% during the third quarter. AE Wealth Management LLC now owns 38,692 shares of the basic materials company's stock worth $437,000 after buying an additional 1,049 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Alamos Gold by 3.9% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 29,830 shares of the basic materials company's stock worth $337,000 after buying an additional 1,109 shares in the last quarter. Kercheville Advisors LLC increased its holdings in shares of Alamos Gold by 3.3% during the fourth quarter. Kercheville Advisors LLC now owns 37,200 shares of the basic materials company's stock worth $501,000 after buying an additional 1,200 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Alamos Gold by 14.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the basic materials company's stock valued at $140,000 after purchasing an additional 1,596 shares during the period. Finally, Pinnacle Wealth Management Group Inc. increased its holdings in Alamos Gold by 2.4% in the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 72,775 shares of the basic materials company's stock valued at $980,000 after purchasing an additional 1,700 shares during the period. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Performance

Alamos Gold stock traded down $0.54 during mid-day trading on Monday, reaching $14.76. The company's stock had a trading volume of 2,964,017 shares, compared to its average volume of 2,585,339. 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 $5.87 billion, a P/E ratio of 27.93, a PEG ratio of 3.89 and a beta of 1.15. The firm's fifty day moving average price is $13.45 and its two-hundred day moving average price is $13.15.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. Alamos Gold had a net margin of 20.52% and a return on equity of 7.30%. The business had revenue of $254.60 million during the quarter, compared to analyst estimates of $257.47 million. During the same period in the previous year, the business earned $0.09 EPS. Alamos Gold's revenue was up 9.8% compared to the same quarter last year. On average, research analysts predict that Alamos Gold Inc. will post 0.64 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared 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 0.68%. The ex-dividend date was Wednesday, March 13th. Alamos Gold's payout ratio is 18.87%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AGI shares. National Bank Financial restated an "outperform overweight" rating on shares of Alamos Gold in a report on Monday, April 8th. Royal Bank of Canada raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $12.00 to $16.00 in a research report on Thursday, January 11th. StockNews.com raised shares of Alamos Gold from a "hold" rating to a "buy" rating in a research report on Sunday, April 14th. Bank of America raised shares of Alamos Gold from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $21.75 to $27.25 in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group raised their price target on shares of Alamos Gold from $14.00 to $18.00 and gave the stock a "buy" rating in a research note on Monday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.75.

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.