Easterly Investment Partners LLC Cuts Stake in Alamos Gold Inc. (NYSE:AGI)

Easterly Investment Partners LLC lessened its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.1% during the third quarter, Holdings Channel.com reports. The firm owned 269,307 shares of the basic materials company’s stock after selling 8,603 shares during the quarter. Easterly Investment Partners LLC’s holdings in Alamos Gold were worth $5,370,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AGI. Foundation Resource Management Inc. grew its stake in shares of Alamos Gold by 3.0% during the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock valued at $826,000 after buying an additional 1,190 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Alamos Gold by 3.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company’s stock valued at $609,000 after acquiring an additional 1,282 shares during the period. Commonwealth Equity Services LLC grew its position in Alamos Gold by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock worth $1,042,000 after acquiring an additional 1,654 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Alamos Gold by 18.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 2,141 shares during the period. Finally, Hara Capital LLC bought a new stake in Alamos Gold in the third quarter valued at approximately $47,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Down 2.6 %

NYSE AGI traded down $0.52 during trading on Friday, hitting $19.22. The company had a trading volume of 663,325 shares, compared to its average volume of 2,343,653. The company’s fifty day moving average is $19.97 and its 200-day moving average is $17.84. The company has a market cap of $8.07 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 0.88 and a beta of 1.19. Alamos Gold Inc. has a one year low of $11.24 and a one year high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. As a group, equities analysts anticipate that Alamos Gold Inc. will post 0.78 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.52%. The ex-dividend date was Thursday, September 12th. Alamos Gold’s dividend payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Scotiabank raised their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group boosted their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.06.

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.