Alamos Gold Inc. (NYSE:AGI) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC cut its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 25.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,606 shares of the basic materials company’s stock after selling 76,468 shares during the quarter. Easterly Investment Partners LLC’s holdings in Alamos Gold were worth $5,979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of AGI. Sunbelt Securities Inc. acquired a new stake in shares of Alamos Gold in the first quarter valued at $41,000. SBI Securities Co. Ltd. grew its stake in shares of Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock valued at $44,000 after buying an additional 660 shares in the last quarter. Cutler Capital Management LLC acquired a new stake in shares of Alamos Gold in the fourth quarter valued at $108,000. Coppell Advisory Solutions LLC boosted its holdings in Alamos Gold by 14.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company’s stock valued at $181,000 after purchasing an additional 1,260 shares during the period. Finally, NBT Bank N A NY purchased a new position in Alamos Gold in the first quarter valued at $190,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Down 1.4%

Shares of NYSE AGI opened at $25.94 on Thursday. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 41.84, a price-to-earnings-growth ratio of 0.55 and a beta of 0.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. The business has a 50-day moving average of $26.31 and a two-hundred day moving average of $24.69. Alamos Gold Inc. has a 1 year low of $15.74 and a 1 year high of $31.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The business 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% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. On average, analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AGI. Royal Bank Of Canada lifted their target price on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Bank of America decreased their target price on Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a report on Tuesday, April 8th. CIBC reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, Stifel Nicolaus began coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold has an average rating of “Buy” and an average price target of $30.38.

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.