Alamos Gold Inc. (NYSE:AGI) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 0.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,642,899 shares of the basic materials company's stock after selling 145,038 shares during the period. Alamos Gold comprises about 1.1% of Van ECK Associates Corp's portfolio, making the stock its 19th biggest position. Van ECK Associates Corp owned 11.43% of Alamos Gold worth $963,074,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Mackenzie Financial Corp increased its stake in Alamos Gold by 147.6% in the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock valued at $119,003,000 after purchasing an additional 4,521,282 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Alamos Gold by 71.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company's stock valued at $97,183,000 after purchasing an additional 2,756,759 shares during the last quarter. CIBC Asset Management Inc increased its stake in Alamos Gold by 311.9% in the second quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company's stock valued at $42,480,000 after purchasing an additional 2,051,935 shares during the last quarter. Triasima Portfolio Management inc. increased its stake in Alamos Gold by 328.2% in the second quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company's stock valued at $21,779,000 after purchasing an additional 1,064,629 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Alamos Gold by 31.9% in the second quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company's stock valued at $68,576,000 after purchasing an additional 1,058,000 shares during the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Stock Down 0.3 %

Shares of NYSE AGI traded down $0.07 during mid-day trading on Friday, hitting $20.11. 2,604,687 shares of the company were exchanged, compared to its average volume of 2,108,901. The stock has a 50 day simple moving average of $19.92 and a 200-day simple moving average of $17.74. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $21.45. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 40.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The firm had revenue of $332.60 million during the quarter, compared to the consensus estimate of $282.78 million. During the same period last year, the company earned $0.15 earnings per share. The company's revenue for the quarter was up 27.4% on a year-over-year basis. Analysts anticipate that Alamos Gold Inc. will post 0.78 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business 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. This represents a $0.10 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold's dividend payout ratio is presently 20.00%.

Wall Street Analysts Forecast Growth

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