Sumitomo Mitsui Trust Group Inc. Sells 18,801 Shares of Alamos Gold Inc. (NYSE:AGI)

Sumitomo Mitsui Trust Group Inc. reduced its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,994 shares of the basic materials company’s stock after selling 18,801 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Alamos Gold were worth $2,766,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Kercheville Advisors LLC raised its stake in Alamos Gold by 21.3% in the fourth quarter. Kercheville Advisors LLC now owns 106,550 shares of the basic materials company’s stock worth $1,965,000 after buying an additional 18,700 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its stake in Alamos Gold by 6.9% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 159,150 shares of the basic materials company’s stock worth $2,935,000 after buying an additional 10,290 shares in the last quarter. R Squared Ltd bought a new position in Alamos Gold in the fourth quarter worth about $61,000. Accordant Advisory Group Inc bought a new position in shares of Alamos Gold during the fourth quarter valued at approximately $699,000. Finally, Blue Trust Inc. increased its stake in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 1,157 shares in the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Trading Up 0.8 %

NYSE:AGI opened at $23.04 on Friday. The company’s 50 day moving average price is $19.77 and its 200-day moving average price is $19.43. Alamos Gold Inc. has a 52 week low of $11.27 and a 52 week high of $23.08. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 0.66 and a beta of 1.16.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s payout ratio is 16.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AGI shares. Royal Bank of Canada raised their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and a consensus price target of $26.06.

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.