Alamos Gold Inc. (NYSE:AGI) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC cut its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,405 shares of the basic materials company’s stock after selling 930 shares during the period. Euro Pacific Asset Management LLC’s holdings in Alamos Gold were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Alamos Gold by 51.8% in 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 buying an additional 856 shares during the period. Hara Capital LLC bought a new stake in shares of Alamos Gold in the 3rd quarter worth approximately $47,000. Employees Retirement System of Texas acquired a new stake in Alamos Gold during the second quarter valued at approximately $88,000. Eastern Bank bought a new stake in Alamos Gold during the third quarter worth approximately $111,000. Finally, Plato Investment Management Ltd acquired a new position in Alamos Gold in the third quarter worth approximately $147,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AGI shares. Jefferies Financial Group raised their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Finally, National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $25.06.

Alamos Gold Trading Up 2.3 %

Shares of NYSE:AGI opened at $20.59 on Friday. The firm has a market capitalization of $8.65 billion, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 0.59 and a beta of 1.15. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average of $19.02 and a two-hundred day moving average of $19.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. On average, equities analysts expect that Alamos Gold Inc. will post 0.81 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio is 16.67%.

About Alamos Gold

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.