Foundry Partners LLC Sells 218,648 Shares of Alamos Gold Inc. (NYSE:AGI)

Foundry Partners LLC reduced its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 41.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 303,035 shares of the basic materials company's stock after selling 218,648 shares during the quarter. Foundry Partners LLC owned approximately 0.07% of Alamos Gold worth $5,588,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AGI. Veracity Capital LLC increased its holdings in shares of Alamos Gold by 3.2% in the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock valued at $416,000 after purchasing an additional 694 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Alamos Gold by 4.0% during the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company's stock worth $375,000 after purchasing an additional 728 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position 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 in the last quarter. Wilmington Savings Fund Society FSB grew its position in Alamos Gold by 4.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company's stock worth $400,000 after buying an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after acquiring an additional 1,157 shares during the period. Institutional investors own 64.33% of the company's stock.

Remove Ads

Alamos Gold Trading Up 5.6 %

NYSE AGI traded up $1.49 during trading hours on Thursday, reaching $28.03. The company's stock had a trading volume of 3,193,630 shares, compared to its average volume of 2,510,582. Alamos Gold Inc. has a 52 week low of $14.31 and a 52 week high of $28.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The stock has a market cap of $11.79 billion, a P/E ratio of 40.69, a P/E/G ratio of 0.40 and a beta of 1.02. The firm has a fifty day simple moving average of $24.22 and a 200-day simple moving average of $21.11.

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%. Equities analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.

Wall Street Analyst Weigh In

AGI has been the subject of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Bank of America decreased their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday. StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $27.63.

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.