Foundry Partners LLC Sells 218,648 Shares of Alamos Gold Inc. (NYSE:AGI)

Foundry Partners LLC lessened its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 41.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 303,035 shares of the basic materials company’s stock after selling 218,648 shares during the period. Foundry Partners LLC’s holdings in Alamos Gold were worth $5,588,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Old West Investment Management LLC boosted its stake in Alamos Gold by 11.0% in the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock valued at $9,689,000 after purchasing an additional 48,128 shares during the period. Cerity Partners LLC lifted its holdings in shares of Alamos Gold by 101.5% during the third quarter. Cerity Partners LLC now owns 23,173 shares of the basic materials company’s stock worth $462,000 after buying an additional 11,674 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Alamos Gold by 4.0% in the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 728 shares during the period. Verition Fund Management LLC acquired a new position in shares of Alamos Gold in the third quarter valued at about $545,000. Finally, Quadrature Capital Ltd bought a new position in Alamos Gold during the third quarter worth about $1,910,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

AGI stock opened at $24.54 on Friday. The company’s 50-day moving average price is $23.76 and its two-hundred day moving average price is $20.95. Alamos Gold Inc. has a 12 month low of $14.31 and a 12 month high of $27.32. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The firm has a market cap of $10.32 billion, a P/E ratio of 35.56, a P/E/G ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating 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 business had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. On average, analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. Alamos Gold’s dividend payout ratio (DPR) is currently 14.49%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AGI. StockNews.com downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Royal Bank of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday. Finally, National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $26.81.

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.