Royce & Associates LP Reduces Holdings in Alamos Gold Inc. (NYSE:AGI)

Royce & Associates LP lessened its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,327,279 shares of the basic materials company's stock after selling 505,000 shares during the quarter. Royce & Associates LP owned about 0.55% of Alamos Gold worth $42,937,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Intact Investment Management Inc. increased its stake in shares of Alamos Gold by 43.0% in the fourth quarter. Intact Investment Management Inc. now owns 902,560 shares of the basic materials company's stock worth $16,649,000 after acquiring an additional 271,430 shares during the period. Alpine Woods Capital Investors LLC boosted its holdings in Alamos Gold by 52.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 87,000 shares of the basic materials company's stock valued at $1,604,000 after purchasing an additional 30,000 shares during the last quarter. Swiss National Bank grew its position in Alamos Gold by 0.5% during the 4th quarter. Swiss National Bank now owns 828,936 shares of the basic materials company's stock worth $15,286,000 after purchasing an additional 3,900 shares during the period. Jupiter Asset Management Ltd. raised its stake in shares of Alamos Gold by 55.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,615,833 shares of the basic materials company's stock valued at $29,796,000 after buying an additional 574,995 shares during the last quarter. Finally, Forge First Asset Management Inc. lifted its holdings in shares of Alamos Gold by 33.2% in the 4th quarter. Forge First Asset Management Inc. now owns 223,200 shares of the basic materials company's stock valued at $4,114,000 after buying an additional 55,600 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

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Alamos Gold Price Performance

AGI stock traded down $0.05 during mid-day trading on Thursday, reaching $26.08. 3,321,010 shares of the company's stock were exchanged, compared to its average volume of 2,313,512. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 12-month low of $13.07 and a 12-month high of $26.35. The stock's 50 day moving average is $22.19 and its 200 day moving average is $20.36. 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 (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. On average, research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. National Bank Financial raised Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alamos Gold has an average rating of "Buy" and an average price target of $26.06.

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.