Northwest & Ethical Investments L.P. Sells 8,183 Shares of Alamos Gold Inc. (NYSE:AGI)

Northwest & Ethical Investments L.P. cut its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 17.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,583 shares of the basic materials company’s stock after selling 8,183 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Alamos Gold were worth $789,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its stake in shares of Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after purchasing an additional 4,521,282 shares during the period. CIBC Asset Management Inc lifted its stake in Alamos Gold by 79.3% in the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock worth $97,336,000 after purchasing an additional 2,149,915 shares during the last quarter. FMR LLC boosted its position in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after buying an additional 2,148,153 shares during the period. Triasima Portfolio Management inc. grew its stake in shares of Alamos Gold by 328.2% during the second quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company’s stock valued at $21,779,000 after buying an additional 1,064,629 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Alamos Gold by 31.9% in the second quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock worth $68,576,000 after buying an additional 1,058,000 shares during the period. 64.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Alamos Gold Trading Up 2.0 %

NYSE:AGI opened at $18.82 on Friday. The firm has a 50-day simple moving average of $19.64 and a 200-day simple moving average of $18.19. Alamos Gold Inc. has a one year low of $11.24 and a one year high of $21.45. The firm has a market cap of $7.91 billion, a P/E ratio of 31.37, a P/E/G ratio of 0.74 and a beta of 1.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. Equities analysts anticipate that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s payout ratio is currently 16.67%.

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.