Euro Pacific Asset Management LLC Trims Stock Position in Alamos Gold Inc. (NYSE:AGI)

Euro Pacific Asset Management LLC cut its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,405 shares of the basic materials company’s stock after selling 930 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Alamos Gold were worth $212,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Mackenzie Financial Corp grew its holdings in Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after buying an additional 4,521,282 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of 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 valued at $97,336,000 after acquiring an additional 2,149,915 shares during the last quarter. FMR LLC increased its position in Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after purchasing an additional 2,148,153 shares in the last quarter. Addenda Capital Inc. acquired a new position in Alamos Gold in the 4th quarter valued at about $34,869,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock valued at $110,662,000 after purchasing an additional 891,255 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AGI has been the topic of a number of analyst reports. StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group raised their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Alamos Gold has an average rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $20.59 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $19.02 and a 200 day simple moving average of $19.01. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45. The company has a market cap of $8.65 billion, a PE ratio of 34.31, a P/E/G ratio of 0.59 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The firm had revenue of $360.90 million for the quarter. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 0.81 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.49%. Alamos Gold’s dividend payout ratio (DPR) is presently 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.