Alamos Gold Inc. (NYSE:AGI) is Sprott Inc.'s 8th Largest Position

Sprott Inc. cut its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,320,978 shares of the basic materials company's stock after selling 130,948 shares during the period. Alamos Gold makes up 2.5% of Sprott Inc.'s holdings, making the stock its 8th biggest holding. Sprott Inc. owned 0.55% of Alamos Gold worth $42,799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Creative Planning boosted its holdings in Alamos Gold by 122.2% during the third quarter. Creative Planning now owns 27,476 shares of the basic materials company's stock worth $548,000 after purchasing an additional 15,113 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Alamos Gold during the third quarter worth about $3,290,000. Oak Ridge Investments LLC purchased a new position in Alamos Gold during the third quarter worth about $1,397,000. Murphy Pohlad Asset Management LLC boosted its holdings in Alamos Gold by 9.6% during the third quarter. Murphy Pohlad Asset Management LLC now owns 148,860 shares of the basic materials company's stock worth $2,968,000 after purchasing an additional 12,990 shares during the last quarter. Finally, Old West Investment Management LLC boosted its holdings in Alamos Gold by 11.0% during 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 purchasing an additional 48,128 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of research analysts have weighed in on AGI shares. National Bank Financial upgraded shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada boosted their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alamos Gold presently has an average rating of "Buy" and an average price target of $26.06.

Alamos Gold Stock Performance

AGI traded up $0.20 during midday trading on Friday, reaching $22.83. The company had a trading volume of 2,461,956 shares, compared to its average volume of 2,271,396. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The stock has a market cap of $9.60 billion, a PE ratio of 33.08, a P/E/G ratio of 0.40 and a beta of 1.16. Alamos Gold Inc. has a 12-month low of $11.76 and a 12-month high of $24.27. The business has a 50-day moving average price of $20.67 and a two-hundred day moving average price of $19.89.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. On average, sell-side analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.44%. Alamos Gold's dividend payout ratio (DPR) is 14.49%.

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.