Alamos Gold Inc. (NYSE:AGI) Stock Position Decreased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,672 shares of the basic materials company’s stock after selling 30,950 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.09% of Alamos Gold worth $5,009,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Investment Advisory LLC raised its stake in shares of Alamos Gold by 14.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 66,784 shares of the basic materials company’s stock worth $900,000 after purchasing an additional 8,344 shares in the last quarter. HC Advisors LLC raised its stake in shares of Alamos Gold by 21.0% in the 4th quarter. HC Advisors LLC now owns 21,915 shares of the basic materials company’s stock valued at $295,000 after acquiring an additional 3,802 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Alamos Gold by 1,254.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 59,386 shares of the basic materials company’s stock valued at $807,000 after acquiring an additional 55,000 shares in the last quarter. Alpine Woods Capital Investors LLC bought a new position in shares of Alamos Gold in the 4th quarter valued at approximately $902,000. Finally, Sowell Financial Services LLC raised its stake in shares of Alamos Gold by 11.2% in the 4th quarter. Sowell Financial Services LLC now owns 32,812 shares of the basic materials company’s stock valued at $442,000 after acquiring an additional 3,308 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.75 to $27.25 in a research note on Tuesday, April 9th. Jefferies Financial Group raised their price objective on Alamos Gold from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Monday. National Bank Financial reissued an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Finally, StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.15.

Alamos Gold Stock Up 2.5 %

Shares of AGI stock opened at $15.13 on Wednesday. Alamos Gold Inc. has a 12 month low of $10.78 and a 12 month high of $16.01. The firm has a market cap of $6.02 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 3.89 and a beta of 1.15. The stock has a 50 day moving average of $13.58 and a 200-day moving average of $13.20.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The company had revenue of $254.60 million during the quarter, compared to analyst estimates of $257.47 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts predict that Alamos Gold Inc. will post 0.64 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio is presently 18.87%.

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.