Alamos Gold Inc. (NYSE:AGI) Stock Holdings Lessened by Royce & Associates LP

Royce & Associates LP cut its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 24.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,832,279 shares of the basic materials company's stock after selling 892,457 shares during the quarter. Royce & Associates LP owned approximately 0.67% of Alamos Gold worth $56,438,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Alamos Gold by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company's stock valued at $216,371,000 after buying an additional 250,207 shares during the last quarter. Mackenzie Financial Corp grew its holdings 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 period. Price T Rowe Associates Inc. MD increased its position in Alamos Gold by 71.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company's stock worth $97,183,000 after purchasing an additional 2,756,759 shares during the last quarter. CIBC Asset Management Inc raised its stake in Alamos Gold by 79.3% during the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company's stock worth $97,336,000 after purchasing an additional 2,149,915 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Alamos Gold by 31.9% in the 2nd 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AGI. National Bank Financial cut Alamos Gold from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 8th. StockNews.com cut shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Scotiabank upped 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. Finally, Jefferies Financial Group raised their target price on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Alamos Gold presently has an average rating of "Moderate Buy" and a consensus price target of $25.06.

Alamos Gold Stock Down 1.1 %

Shares of NYSE AGI traded down $0.20 during midday trading on Friday, reaching $17.54. 2,127,694 shares of the company's stock were exchanged, compared to its average volume of 2,380,857. The stock has a market capitalization of $7.37 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.19. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The business's fifty day moving average price is $19.91 and its two-hundred day moving average price is $17.95.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The company had revenue of $360.90 million during the quarter. Analysts forecast that Alamos Gold Inc. will post 0.77 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.57%. Alamos Gold's dividend payout ratio (DPR) is 16.67%.

About Alamos Gold

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.