Intact Investment Management Inc. Sells 164,570 Shares of Alamos Gold Inc. (NYSE:AGI)

Intact Investment Management Inc. lowered its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 20.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 631,130 shares of the basic materials company's stock after selling 164,570 shares during the quarter. Intact Investment Management Inc. owned about 0.16% of Alamos Gold worth $12,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Foundation Resource Management Inc. increased its stake in shares of Alamos Gold by 3.0% during the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company's stock valued at $826,000 after acquiring an additional 1,190 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Alamos Gold by 3.4% during the second 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 during the period. Commonwealth Equity Services LLC increased its stake in shares of Alamos Gold by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company's stock valued at $1,042,000 after acquiring an additional 1,654 shares during the period. Easterly Investment Partners LLC grew its stake 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 during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Alamos Gold by 18.4% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Price Performance

NYSE AGI remained flat at $20.11 during trading on Monday. The company's stock had a trading volume of 1,693,403 shares, compared to its average volume of 2,338,270. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 40.22, a PEG ratio of 0.89 and a beta of 1.19. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45. The stock has a fifty day moving average price of $19.92 and a two-hundred day moving average price of $17.74.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a $0.025 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.50%. Alamos Gold's dividend payout ratio is presently 20.00%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AGI. National Bank Financial lowered shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 8th. Scotiabank boosted their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. Royal Bank of Canada increased their price target on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. StockNews.com downgraded Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group raised 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $25.06.

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.