Royce & Associates LP Trims Stock Position in Alamos Gold Inc. (NYSE:AGI)

Royce & Associates LP cut its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 17.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,327,279 shares of the basic materials company’s stock after selling 505,000 shares during the quarter. Royce & Associates LP’s holdings in Alamos Gold were worth $42,937,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Blue Trust Inc. boosted its stake in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Alamos Gold by 51.8% during the fourth 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. R Squared Ltd bought a new position in shares of Alamos Gold during the fourth quarter valued at approximately $61,000. Plato Investment Management Ltd bought a new position in shares of Alamos Gold during the third quarter valued at approximately $147,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold during the fourth quarter valued at approximately $136,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AGI has been the topic of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and a consensus price target of $26.06.

Alamos Gold Price Performance

Shares of AGI opened at $25.13 on Friday. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a twelve month low of $13.06 and a twelve month high of $25.36. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $21.77 and a two-hundred day moving average of $20.22.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. As a group, analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.40%. Alamos Gold’s dividend payout ratio (DPR) is 14.49%.

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.