Alamos Gold Inc. (NYSE:AGI) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 11.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 168,795 shares of the basic materials company’s stock after selling 22,409 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Alamos Gold were worth $3,366,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. CWA Asset Management Group LLC acquired a new stake in Alamos Gold in the third quarter valued at $793,000. Hara Capital LLC acquired a new stake in Alamos Gold in the third quarter valued at $47,000. Principal Financial Group Inc. grew its holdings in Alamos Gold by 3.7% in the third quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company’s stock valued at $34,655,000 after purchasing an additional 61,700 shares during the last quarter. Old West Investment Management LLC boosted its stake in shares of 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 valued at $9,689,000 after acquiring an additional 48,128 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its stake in shares of 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 valued at $2,968,000 after acquiring an additional 12,990 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group increased their price objective on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Royal Bank of Canada increased their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, Scotiabank increased their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.06.

Alamos Gold Stock Performance

NYSE AGI opened at $18.33 on Tuesday. The business’s 50-day moving average price is $19.90 and its 200 day moving average price is $18.00. Alamos Gold Inc. has a twelve month low of $11.24 and a twelve month high of $21.45. The company has a market capitalization of $7.70 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 0.79 and a beta of 1.19. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. On average, research analysts predict that Alamos Gold Inc. will post 0.76 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a $0.025 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.55%. Alamos Gold’s dividend payout ratio (DPR) is 16.67%.

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.