Alamos Gold Inc. (NYSE:AGI) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 13.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,277 shares of the basic materials company’s stock after selling 20,717 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Alamos Gold were worth $3,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of AGI. Raymond James Financial Inc. acquired a new stake in shares of Alamos Gold during the fourth quarter worth $28,950,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Alamos Gold in the 4th quarter worth $4,495,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Alamos Gold by 16.8% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 44,833 shares of the basic materials company’s stock worth $827,000 after acquiring an additional 6,458 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Alamos Gold in the 4th quarter worth $645,000. Finally, Amundi lifted its position in Alamos Gold by 19.1% in the fourth quarter. Amundi now owns 1,611,367 shares of the basic materials company’s stock valued at $31,148,000 after purchasing an additional 257,859 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AGI shares. Bank of America reduced their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Monday, April 14th. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, Royal Bank Of Canada raised 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. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.38.

Alamos Gold Stock Performance

Shares of AGI stock opened at $27.04 on Friday. The stock has a market cap of $11.36 billion, a PE ratio of 43.60, a P/E/G ratio of 0.53 and a beta of 0.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.94 and a current ratio of 1.49. Alamos Gold Inc. has a 1 year low of $15.74 and a 1 year high of $31.00. The stock has a fifty day moving average price of $26.39 and a 200 day moving average price of $24.24.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Sell-side analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.37%. Alamos Gold’s payout ratio is 16.13%.

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.