Investment Management Corp of Ontario Sells 2,154 Shares of Alamos Gold Inc. (NYSE:AGI)

Investment Management Corp of Ontario trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,459 shares of the basic materials company’s stock after selling 2,154 shares during the period. Investment Management Corp of Ontario’s holdings in Alamos Gold were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares during the period. R Squared Ltd bought a new position in shares of Alamos Gold in the fourth quarter worth $61,000. Cutler Capital Management LLC bought a new position in shares of Alamos Gold in the fourth quarter worth $108,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold in the fourth quarter worth $136,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Trading Down 0.4%

Shares of AGI stock opened at $24.77 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold Inc. has a 52-week low of $15.01 and a 52-week high of $31.00. The company has a market capitalization of $10.42 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. The business’s fifty day moving average is $26.63 and its 200 day moving average is $22.39.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $324.98 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, equities research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given 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 yield of 0.40%. Alamos Gold’s payout ratio is 16.13%.

Analyst Ratings Changes

A number of research firms have recently commented on AGI. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Bank of America lowered their price objective on Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Monday, April 14th. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Finally, StockNews.com downgraded Alamos Gold from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.38.

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.