First Eagle Investment Management LLC Sells 956,965 Shares of Alamos Gold Inc. (NYSE:AGI)

First Eagle Investment Management LLC trimmed its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,784,980 shares of the basic materials company's stock after selling 956,965 shares during the period. First Eagle Investment Management LLC owned approximately 1.61% of Alamos Gold worth $125,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. CIBC Asset Management Inc increased its position in Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. FMR LLC increased its position 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 purchasing an additional 2,148,153 shares during the last quarter. Addenda Capital Inc. acquired a new position in Alamos Gold in the 4th quarter worth about $34,869,000. Raymond James Financial Inc. acquired a new position in Alamos Gold in the 4th quarter worth about $28,950,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock worth $110,662,000 after purchasing an additional 891,255 shares during the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

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Alamos Gold Stock Performance

NYSE:AGI traded down $0.00 during mid-day trading on Tuesday, hitting $25.83. 4,746,279 shares of the company's stock traded hands, compared to its average volume of 2,303,780. The firm has a 50 day moving average of $21.91 and a two-hundred day moving average of $20.27. Alamos Gold Inc. has a 12 month low of $13.06 and a 12 month high of $26.42. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 37.43, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI - Get Free Report) 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. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. On average, equities analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%. Alamos Gold's dividend payout ratio is currently 14.49%.

Analyst Upgrades and Downgrades

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

Alamos Gold Company 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.