Sumitomo Mitsui Trust Holdings Inc. Sells 144,503 Shares of Alamos Gold Inc. (NYSE:AGI)

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 38.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 227,169 shares of the basic materials company's stock after selling 144,503 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.06% of Alamos Gold worth $3,351,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in shares of Alamos Gold in the fourth quarter valued at about $27,000. AJOVista LLC acquired a new stake in shares of Alamos Gold in the fourth quarter valued at about $83,000. Fifth Third Bancorp acquired a new stake in shares of Alamos Gold in the fourth quarter valued at about $96,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Alamos Gold in the first quarter valued at about $115,000. Finally, Mcrae Capital Management Inc. acquired a new stake in shares of Alamos Gold in the fourth quarter valued at about $174,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AGI shares. National Bank Financial reissued an "outperform overweight" rating on shares of Alamos Gold in a research report on Monday, April 8th. Bank of America raised Alamos Gold from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $21.75 to $27.25 in a research report on Tuesday, April 9th. Jefferies Financial Group lifted their target price on Alamos Gold from $14.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday, April 22nd. StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 16th. Finally, Royal Bank of Canada raised their price target on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.15.

Alamos Gold Trading Up 2.4 %

Shares of Alamos Gold stock traded up $0.41 during midday trading on Thursday, reaching $17.52. The company had a trading volume of 1,890,202 shares, compared to its average volume of 2,372,854. The stock has a fifty day simple moving average of $16.09 and a 200 day simple moving average of $14.27. Alamos Gold Inc. has a 1-year low of $10.78 and a 1-year high of $17.62. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 0.76 and a beta of 1.16.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Thursday, April 25th. The basic materials company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. Alamos Gold had a net margin of 19.41% and a return on equity of 7.38%. The firm had revenue of $277.60 million during the quarter, compared to analyst estimates of $271.15 million. During the same quarter in the previous year, the business earned $0.12 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. Sell-side analysts expect that Alamos Gold Inc. will post 0.7 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Thursday, June 13th. Alamos Gold's dividend payout ratio (DPR) is 19.23%.

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.