Alamos Gold Inc. (NYSE:AGI) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. trimmed its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 45.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 404,000 shares of the basic materials company’s stock after selling 336,700 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.10% of Alamos Gold worth $7,445,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AGI. CIBC Asset Management Inc raised its holdings in shares of Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after acquiring an additional 2,867,027 shares during the last quarter. FMR LLC grew its position in shares of Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after purchasing an additional 2,148,153 shares during the period. Addenda Capital Inc. purchased a new stake in shares of Alamos Gold in the fourth quarter valued at $34,869,000. Raymond James Financial Inc. purchased a new stake in shares of Alamos Gold in the fourth quarter valued at $28,950,000. Finally, Jupiter Asset Management Ltd. grew its position in shares of Alamos Gold by 55.2% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,615,833 shares of the basic materials company’s stock valued at $29,796,000 after purchasing an additional 574,995 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Price Performance

AGI stock opened at $26.06 on Friday. The stock has a 50-day moving average price of $22.46 and a two-hundred day moving average price of $20.45. Alamos Gold Inc. has a 12-month low of $13.44 and a 12-month high of $26.35. 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 company has a market cap of $10.95 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.

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

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

Analysts Set New Price Targets

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

About Alamos Gold

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.