Sumitomo Mitsui Trust Holdings Inc. Trims Stock Position in Alamos Gold Inc. (NYSE:AGI)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Alamos Gold Inc. (NYSE:AGIFree Report) (TSE:AGI) by 38.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 227,169 shares of the basic materials company’s stock after selling 144,503 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.06% of Alamos Gold worth $3,351,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AGI. Public Sector Pension Investment Board increased its position in Alamos Gold by 1.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 855,745 shares of the basic materials company’s stock valued at $9,697,000 after purchasing an additional 10,107 shares during the period. American Century Companies Inc. boosted its holdings in shares of Alamos Gold by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 3,339,827 shares of the basic materials company’s stock valued at $37,685,000 after buying an additional 428,780 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Alamos Gold by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 14,202,762 shares of the basic materials company’s stock valued at $160,349,000 after buying an additional 202,396 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Alamos Gold during the 4th quarter valued at $27,000. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Alamos Gold during the 4th quarter valued at $354,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AGI shares. Jefferies Financial Group boosted their target price on shares of Alamos Gold from $14.00 to $18.00 and gave the company a “buy” rating in a report on Monday, April 22nd. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.75 to $27.25 in a research note on Tuesday, April 9th. Royal Bank of Canada upped their price target on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.15.

Check Out Our Latest Stock Analysis on Alamos Gold

Alamos Gold Stock Performance

Shares of NYSE:AGI opened at $17.11 on Thursday. Alamos Gold Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $17.29. The business has a 50-day simple moving average of $16.04 and a two-hundred day simple moving average of $14.25. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.16.

Alamos Gold (NYSE:AGIGet Free Report) (TSE:AGI) last issued its earnings results on Thursday, April 25th. The basic materials company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The business had revenue of $277.60 million during the quarter, compared to analyst estimates of $271.15 million. During the same quarter in the previous year, the firm earned $0.12 EPS. Alamos Gold’s revenue was up 10.4% on a year-over-year basis. As a group, research analysts predict that Alamos Gold Inc. will post 0.7 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Thursday, June 13th. Alamos Gold’s dividend payout ratio (DPR) is 19.23%.

About Alamos Gold

(Free Report)

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.

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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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