Foundry Partners LLC Has $5.59 Million Position in Alamos Gold Inc. (NYSE:AGI)

Foundry Partners LLC lessened its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 41.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,035 shares of the basic materials company’s stock after selling 218,648 shares during the period. Foundry Partners LLC owned approximately 0.07% of Alamos Gold worth $5,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AGI. Norges Bank acquired a new stake in shares of Alamos Gold in the 4th quarter valued at about $100,694,000. CIBC Asset Management Inc grew its holdings in shares of Alamos Gold by 59.0% during 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 buying an additional 2,867,027 shares in the last quarter. Addenda Capital Inc. acquired a new stake in Alamos Gold in the 4th quarter valued at approximately $34,869,000. Raymond James Financial Inc. bought a new stake in Alamos Gold in the 4th quarter valued at approximately $28,950,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Alamos Gold by 17.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company’s stock worth $173,991,000 after acquiring an additional 1,424,550 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

NYSE AGI opened at $24.54 on Friday. The firm’s fifty day moving average price is $23.76 and its two-hundred day moving average price is $20.95. Alamos Gold Inc. has a 1 year low of $14.31 and a 1 year high of $27.32. The firm has a market capitalization of $10.32 billion, a P/E ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

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

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

Analysts Set New Price Targets

AGI has been the topic of a number of recent research reports. StockNews.com lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Royal Bank of Canada raised their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Friday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $26.81.

Alamos Gold Profile

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.