General American Investors Co. Inc. Reduces Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

General American Investors Co. Inc. lessened its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 19.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 672,438 shares of the basic materials company’s stock after selling 160,000 shares during the quarter. General American Investors Co. Inc.’s holdings in Alamos Gold were worth $13,408,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Foundation Resource Management Inc. lifted its stake in Alamos Gold by 3.0% in the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock worth $826,000 after purchasing an additional 1,190 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of 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 worth $609,000 after acquiring an additional 1,282 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Alamos Gold by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock valued at $1,042,000 after acquiring an additional 1,654 shares during the last quarter. Easterly Investment Partners LLC grew its position in Alamos Gold by 0.6% in the 2nd quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company’s stock valued at $4,358,000 after acquiring an additional 1,673 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Alamos Gold by 18.4% during the second 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 last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Performance

NYSE:AGI traded down $0.56 during trading hours on Thursday, reaching $18.88. The company’s stock had a trading volume of 330,938 shares, compared to its average volume of 2,332,287. The stock has a 50 day moving average price of $19.95 and a two-hundred day moving average price of $17.82. The company has a market capitalization of $7.93 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 0.88 and a beta of 1.19. Alamos Gold Inc. has a 12 month low of $11.24 and a 12 month high of $21.45.

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

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Thursday, September 12th. Alamos Gold’s dividend payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

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