Alamos Gold Inc. (NYSE:AGI) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC trimmed its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 30.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,000 shares of the basic materials company's stock after selling 85,000 shares during the period. Chartwell Investment Partners LLC's holdings in Alamos Gold were worth $3,888,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AGI. Hara Capital LLC purchased a new stake in shares of Alamos Gold in the third quarter valued at approximately $47,000. Baldwin Brothers LLC MA purchased a new position in shares of Alamos Gold in the 2nd quarter valued at about $47,000. Daiwa Securities Group Inc. purchased a new stake in Alamos Gold during the second quarter worth about $48,000. Eastern Bank purchased a new stake in Alamos Gold during the third quarter worth about $111,000. Finally, Employees Retirement System of Texas acquired a new position in Alamos Gold during the second quarter worth about $88,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Trading Down 1.3 %

NYSE AGI traded down $0.24 during mid-day trading on Tuesday, reaching $17.94. 2,701,086 shares of the company's stock traded hands, compared to its average volume of 2,368,022. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $21.45. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 29.95, a P/E/G ratio of 0.85 and a beta of 1.19. The company has a fifty day simple moving average of $19.95 and a 200-day simple moving average of $17.93.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 9.24%. The company had revenue of $360.90 million during the quarter. Equities research analysts forecast that Alamos Gold Inc. will post 0.78 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.56%. Alamos Gold's dividend payout ratio (DPR) is 16.67%.

Analyst Ratings Changes

A number of equities research analysts recently commented on AGI shares. Scotiabank increased their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. National Bank Financial downgraded Alamos Gold from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 8th. StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group boosted their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Finally, Royal Bank of Canada boosted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.06.

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.