Assenagon Asset Management S.A. Sells 591,029 Shares of Alamos Gold Inc. (NYSE:AGI)

Assenagon Asset Management S.A. lowered its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 67.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,698 shares of the basic materials company's stock after selling 591,029 shares during the period. Assenagon Asset Management S.A. owned approximately 0.07% of Alamos Gold worth $5,637,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGI. Foundation Resource Management Inc. boosted its stake in Alamos Gold by 3.0% in the 3rd quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company's stock worth $826,000 after purchasing an additional 1,190 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Alamos Gold by 3.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company's stock valued at $609,000 after acquiring an additional 1,282 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Alamos Gold by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company's stock valued at $1,042,000 after purchasing an additional 1,654 shares during the last quarter. Easterly Investment Partners LLC increased its holdings in shares of Alamos Gold by 0.6% in the 2nd quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company's stock worth $4,358,000 after purchasing an additional 1,673 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Alamos Gold by 18.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the basic materials company's stock worth $216,000 after purchasing an additional 2,141 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analysts Set New Price Targets

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

Alamos Gold Stock Down 0.4 %

NYSE AGI traded down $0.08 on Wednesday, reaching $20.97. The company had a trading volume of 1,681,629 shares, compared to its average volume of 2,340,406. The stock has a market capitalization of $8.37 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 0.86 and a beta of 1.18. Alamos Gold Inc. has a 12 month low of $11.24 and a 12 month high of $21.45. The firm's 50 day moving average price is $19.90 and its 200 day moving average price is $17.65.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. The firm had revenue of $332.60 million for the quarter, compared to analysts' expectations of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The business's revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. On average, research analysts expect that Alamos Gold Inc. will post 0.75 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given 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 0.48%. Alamos Gold's dividend payout ratio is currently 19.23%.

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.