Pictet Asset Management Holding SA Cuts Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Pictet Asset Management Holding SA reduced its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 27.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,853 shares of the basic materials company's stock after selling 30,253 shares during the quarter. Pictet Asset Management Holding SA's holdings in Alamos Gold were worth $1,491,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AGI. Old West Investment Management LLC raised its position in shares of Alamos Gold by 11.0% in the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company's stock valued at $9,689,000 after purchasing an additional 48,128 shares during the period. Cerity Partners LLC increased its position in Alamos Gold by 101.5% during the third quarter. Cerity Partners LLC now owns 23,173 shares of the basic materials company's stock worth $462,000 after acquiring an additional 11,674 shares during the period. Captrust Financial Advisors increased its position in Alamos Gold by 4.0% during the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company's stock worth $375,000 after acquiring an additional 728 shares during the period. Verition Fund Management LLC bought a new position in Alamos Gold during the third quarter worth about $545,000. Finally, Quadrature Capital Ltd bought a new position in Alamos Gold during the third quarter worth about $1,910,000. 64.33% of the stock is owned by institutional investors.

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Alamos Gold Trading Up 5.8 %

Shares of NYSE:AGI traded up $1.54 during mid-day trading on Thursday, hitting $28.08. The company had a trading volume of 1,452,820 shares, compared to its average volume of 2,505,904. The firm has a fifty day moving average price of $24.22 and a 200 day moving average price of $21.11. The company has a market capitalization of $11.81 billion, a PE ratio of 40.70, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold Inc. has a one year low of $14.31 and a one year high of $28.23.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. As a group, research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio is 14.49%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AGI shares. StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a research note on Sunday. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Bank of America reduced their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Alamos Gold currently has a consensus rating of "Buy" and an average target price of $27.63.

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.