Pictet Asset Management SA trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) by 44.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,944 shares of the basic materials company’s stock after selling 88,522 shares during the period. Pictet Asset Management SA’s holdings in Alamos Gold were worth $777,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its position in Alamos Gold by 189.1% in the first quarter. SG Americas Securities LLC now owns 48,257 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 31,562 shares during the period. Advisor Group Holdings Inc. raised its position in Alamos Gold by 5.1% in the first quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock valued at $239,000 after purchasing an additional 1,432 shares during the period. Oppenheimer & Close LLC raised its position in Alamos Gold by 53.7% in the first quarter. Oppenheimer & Close LLC now owns 271,495 shares of the basic materials company’s stock valued at $2,282,000 after purchasing an additional 94,900 shares during the period. CIBC Asset Management Inc raised its position in Alamos Gold by 1.1% in the first quarter. CIBC Asset Management Inc now owns 528,134 shares of the basic materials company’s stock valued at $4,441,000 after purchasing an additional 5,676 shares during the period. Finally, Wealthsource Partners LLC raised its position in Alamos Gold by 38.1% in the first quarter. Wealthsource Partners LLC now owns 109,176 shares of the basic materials company’s stock valued at $919,000 after purchasing an additional 30,145 shares during the period. 50.89% of the stock is currently owned by institutional investors and hedge funds.
Alamos Gold Stock Performance
NYSE:AGI opened at $9.44 on Wednesday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 118.01, a price-to-earnings-growth ratio of 4.14 and a beta of 1.02. Alamos Gold Inc. has a one year low of $6.35 and a one year high of $9.45. The stock has a 50-day simple moving average of $7.81 and a 200 day simple moving average of $7.58.
Alamos Gold Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 15th were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.10 dividend on an annualized basis and a yield of 1.06%. Alamos Gold’s dividend payout ratio (DPR) is 125.02%.
Analysts Set New Price Targets
Several research firms have commented on AGI. StockNews.com began coverage on Alamos Gold in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. TheStreet lowered Alamos Gold from a “b-” rating to a “c+” rating in a research report on Thursday, September 15th. National Bank Financial lifted their target price on Alamos Gold from C$12.50 to C$13.00 in a research report on Thursday, October 13th. Finally, Scotiabank raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $12.81.
About Alamos Gold
Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc
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