Sei Investments Co. Sells 9,906 Shares of Alamos Gold Inc. (NYSE:AGI)

Sei Investments Co. cut its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 377,172 shares of the basic materials company's stock after selling 9,906 shares during the period. Sei Investments Co. owned approximately 0.09% of Alamos Gold worth $6,955,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Old West Investment Management LLC increased its holdings 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 worth $9,689,000 after buying an additional 48,128 shares during the period. CIBC Asset Management Inc increased its stake in Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the period. Canoe Financial LP bought a new stake in Alamos Gold in the fourth quarter valued at approximately $4,066,000. Geode Capital Management LLC boosted its stake in shares of Alamos Gold by 11.1% during the third quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock valued at $6,224,000 after purchasing an additional 29,933 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of Alamos Gold by 18.4% during the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company's stock valued at $30,492,000 after purchasing an additional 237,278 shares during the period. 64.33% of the stock is owned by institutional investors.

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Alamos Gold Trading Down 8.7 %

Shares of AGI traded down $2.33 during trading hours on Friday, reaching $24.54. 6,645,005 shares of the company traded hands, compared to its average volume of 2,486,354. Alamos Gold Inc. has a 12 month low of $14.31 and a 12 month high of $27.32. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company's fifty day moving average price is $23.76 and its two-hundred day moving average price is $20.95. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Equities research analysts predict that Alamos Gold Inc. will post 1.29 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, March 27th. Stockholders of record on Thursday, March 13th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. Alamos Gold's dividend payout ratio is currently 14.49%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AGI shares. StockNews.com lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Royal Bank of Canada raised their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alamos Gold presently has an average rating of "Buy" and a consensus price target of $26.81.

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.