Bank of New York Mellon Corp Has $37.32 Million Position in Alamos Gold Inc. (NYSE:AGI)

Bank of New York Mellon Corp reduced its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 43.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,023,633 shares of the basic materials company's stock after selling 1,528,952 shares during the period. Bank of New York Mellon Corp owned approximately 0.48% of Alamos Gold worth $37,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in AGI. Blue Trust Inc. lifted its stake in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 worth $46,000 after purchasing an additional 856 shares during the last quarter. Hara Capital LLC bought a new stake in Alamos Gold during the third quarter worth $47,000. R Squared Ltd bought a new stake in Alamos Gold during the fourth quarter worth $61,000. Finally, Plato Investment Management Ltd bought a new stake in Alamos Gold during the third quarter worth $147,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Down 0.1 %

NYSE AGI traded down $0.03 on Friday, reaching $23.87. The company had a trading volume of 5,152,527 shares, compared to its average volume of 2,284,970. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $24.59. The business has a 50 day moving average of $21.21 and a two-hundred day moving average of $20.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96.

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Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.42%. Alamos Gold's payout ratio is 14.49%.

Wall Street Analysts Forecast Growth

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

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.