General American Investors Co. Inc. Reduces Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

General American Investors Co. Inc. trimmed its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 19.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 672,438 shares of the basic materials company's stock after selling 160,000 shares during the quarter. General American Investors Co. Inc. owned approximately 0.17% of Alamos Gold worth $13,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Baldwin Brothers LLC MA bought a new position in Alamos Gold in the 2nd quarter worth approximately $47,000. Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold in the second quarter valued at $48,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold during the 2nd quarter valued at $88,000. Eastern Bank purchased a new stake in Alamos Gold during the 3rd quarter worth about $111,000. Finally, Coppell Advisory Solutions Corp. bought a new position in Alamos Gold in the 1st quarter worth about $203,000. Institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Up 1.6 %

Shares of Alamos Gold stock traded up $0.32 during trading on Thursday, reaching $19.76. The company's stock had a trading volume of 4,466,413 shares, compared to its average volume of 2,351,429. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 0.88 and a beta of 1.19. The firm's 50-day moving average is $19.95 and its two-hundred day moving average is $17.82. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The company had revenue of $360.90 million during the quarter. On average, equities research analysts anticipate that Alamos Gold Inc. will post 0.78 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors 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 yield of 0.51%. Alamos Gold's dividend payout ratio is currently 20.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, October 4th. National Bank Financial cut Alamos Gold from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 8th. Scotiabank raised their price target on Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada raised 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 analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $25.06.

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.