Fiera Capital Corp Decreases Stake in Alamos Gold Inc. (NYSE:AGI)

Fiera Capital Corp reduced its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 538,649 shares of the basic materials company’s stock after selling 67,193 shares during the period. Fiera Capital Corp owned 0.13% of Alamos Gold worth $14,407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nkcfo LLC acquired a new stake in Alamos Gold during the first quarter worth about $10,276,000. TD Asset Management Inc increased its position in shares of Alamos Gold by 10.4% during the first quarter. TD Asset Management Inc now owns 2,556,335 shares of the basic materials company’s stock valued at $68,293,000 after acquiring an additional 240,654 shares during the last quarter. Navellier & Associates Inc. increased its position in shares of Alamos Gold by 51.2% during the first quarter. Navellier & Associates Inc. now owns 269,145 shares of the basic materials company’s stock valued at $6,917,000 after acquiring an additional 91,097 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Alamos Gold during the first quarter valued at about $491,000. Finally, Jennison Associates LLC acquired a new stake in shares of Alamos Gold during the first quarter valued at about $8,438,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AGI shares. Royal Bank Of Canada lifted their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Monday, April 14th. CIBC reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Finally, Bank of America dropped their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $30.38.

Alamos Gold Stock Up 1.5%

Shares of Alamos Gold stock opened at $25.72 on Wednesday. Alamos Gold Inc. has a 52-week low of $15.74 and a 52-week high of $31.00. The company has a 50 day moving average of $26.40 and a 200 day moving average of $25.16. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $10.81 billion, a P/E ratio of 41.48, a P/E/G ratio of 0.55 and a beta of 0.54.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $324.98 million. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%. Alamos Gold’s payout ratio is 16.13%.

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.