Price T Rowe Associates Inc. MD Trims Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Price T Rowe Associates Inc. MD reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 15.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,638,742 shares of the basic materials company's stock after selling 1,234,890 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.58% of Alamos Gold worth $122,419,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Veracity Capital LLC increased its position in shares of Alamos Gold by 3.2% during the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock worth $416,000 after acquiring an additional 694 shares during the period. NewEdge Advisors LLC increased its holdings in Alamos Gold by 1.2% during the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock worth $1,342,000 after purchasing an additional 854 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $46,000 after purchasing an additional 856 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Alamos Gold by 4.8% in 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 during the period. Finally, Blue Trust Inc. grew its position in shares of Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after buying an additional 1,157 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Down 4.0 %

Shares of AGI stock traded down $1.02 during trading hours on Friday, reaching $24.71. 5,292,269 shares of the company's stock were exchanged, compared to its average volume of 2,608,244. Alamos Gold Inc. has a fifty-two week low of $15.01 and a fifty-two week high of $31.00. The stock's 50 day moving average is $26.24 and its 200-day moving average is $22.13. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 35.81, a P/E/G ratio of 0.40 and a beta of 1.02.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The business 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%. The company's quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. Analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

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

Analysts Set New Price Targets

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