Nikko Asset Management Americas Inc. Sells 22,074 Shares of Alamos Gold Inc. (NYSE:AGI)

Nikko Asset Management Americas Inc. trimmed its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 13.2% in the 4th quarter, Holdings Channel reports. The firm owned 145,694 shares of the basic materials company’s stock after selling 22,074 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in Alamos Gold were worth $2,687,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its holdings in Alamos Gold by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock valued at $552,000 after purchasing an additional 531 shares during the period. Veracity Capital LLC boosted its holdings in Alamos Gold by 3.2% in the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock valued at $416,000 after purchasing an additional 694 shares during the period. Captrust Financial Advisors boosted its holdings in Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 728 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after buying an additional 856 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Alamos Gold by 4.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock valued at $400,000 after buying an additional 1,000 shares in the last quarter. 64.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AGI has been the topic of several research reports. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $26.06.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $25.86 on Tuesday. The stock has a market cap of $10.87 billion, a PE ratio of 37.47, a PEG ratio of 0.40 and a beta of 1.15. The company’s fifty day moving average is $21.91 and its 200 day moving average is $20.27. Alamos Gold Inc. has a 52 week low of $13.06 and a 52 week high of $26.42. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its 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. The company 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%. Research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s payout ratio is presently 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.