Alamos Gold Inc. (NYSE:AGI) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,393 shares of the basic materials company’s stock after selling 825 shares during the quarter. Atria Investments Inc’s holdings in Alamos Gold were worth $267,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AGI. Vanguard Group Inc. raised its position in Alamos Gold by 1.7% in the first quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company’s stock worth $216,371,000 after acquiring an additional 250,207 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Alamos Gold by 147.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after purchasing an additional 4,521,282 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Alamos Gold by 71.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock valued at $97,183,000 after purchasing an additional 2,756,759 shares during the last quarter. Bank of New York Mellon Corp grew its position in Alamos Gold by 31.9% in the second quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock worth $68,576,000 after buying an additional 1,058,000 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Alamos Gold by 311.9% in the second quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company’s stock valued at $42,480,000 after buying an additional 2,051,935 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Alamos Gold Stock Performance

AGI stock opened at $18.88 on Friday. The stock has a market cap of $7.93 billion, a P/E ratio of 31.62, a P/E/G ratio of 0.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The firm has a 50 day simple moving average of $19.88 and a 200 day simple moving average of $18.06. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45.

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

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is presently 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.