First Eagle Investment Management LLC Cuts Position in Alamos Gold Inc. (NYSE:AGI)

First Eagle Investment Management LLC decreased its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,784,980 shares of the basic materials company’s stock after selling 956,965 shares during the quarter. First Eagle Investment Management LLC owned 1.61% of Alamos Gold worth $125,017,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position 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 worth $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Alamos Gold by 51.8% during 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 purchased a new stake in shares of Alamos Gold during the fourth quarter worth $61,000. Plato Investment Management Ltd purchased a new stake in shares of Alamos Gold during the third quarter worth $147,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold during the fourth quarter worth $136,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of AGI stock opened at $24.91 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $21.65 and a 200 day moving average price of $20.18. The company has a market cap of $10.47 billion, a P/E ratio of 36.10, a PEG ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 12 month low of $13.06 and a 12 month high of $25.31.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Sell-side analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.40%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of recent research reports. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada upped their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $26.06.

Alamos Gold Company 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.