Alamos Gold Inc. (NYSE:AGI) Stake Reduced by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 45.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 404,000 shares of the basic materials company's stock after selling 336,700 shares during the period. Hillsdale Investment Management Inc. owned 0.10% of Alamos Gold worth $7,445,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AGI. CIBC Asset Management Inc lifted its stake in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after buying an additional 2,867,027 shares during the period. FMR LLC boosted its stake in Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock worth $127,027,000 after buying an additional 2,148,153 shares during the last quarter. Addenda Capital Inc. purchased a new stake in Alamos Gold in the 4th quarter valued at about $34,869,000. Raymond James Financial Inc. acquired a new position in shares of Alamos Gold during the 4th quarter valued at about $28,950,000. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of Alamos Gold by 55.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,615,833 shares of the basic materials company's stock worth $29,796,000 after acquiring an additional 574,995 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank of Canada lifted their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Alamos Gold currently has an average rating of "Buy" and an average target price of $26.06.

Alamos Gold Stock Down 1.5 %

NYSE:AGI traded down $0.39 during trading hours on Wednesday, hitting $25.82. The stock had a trading volume of 2,268,897 shares, compared to its average volume of 2,339,210. The business has a 50 day simple moving average of $22.72 and a two-hundred day simple moving average of $20.59. Alamos Gold Inc. has a 1-year low of $13.64 and a 1-year high of $26.50. 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 $10.85 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.

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

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.39%. The ex-dividend date is Thursday, March 13th. Alamos Gold's dividend payout ratio is currently 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.