Fullerton Fund Management Co Ltd. Sells 1,594,116 Shares of Alamos Gold Inc. (NYSE:AGI)

Fullerton Fund Management Co Ltd. trimmed its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 95.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,944 shares of the basic materials company’s stock after selling 1,594,116 shares during the quarter. Fullerton Fund Management Co Ltd.’s holdings in Alamos Gold were worth $1,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after buying an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares during the period. R Squared Ltd bought a new position in shares of Alamos Gold during the 4th quarter worth approximately $61,000. Cutler Capital Management LLC acquired a new position in shares of Alamos Gold during the 4th quarter worth approximately $108,000. Finally, Daiwa Securities Group Inc. bought a new stake in Alamos Gold in the 4th quarter valued at $136,000. 64.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Bank of America decreased their price target on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. StockNews.com downgraded Alamos Gold from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Finally, Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.38.

Alamos Gold Stock Performance

Shares of NYSE:AGI opened at $27.06 on Friday. Alamos Gold Inc. has a 12-month low of $15.01 and a 12-month high of $31.00. The company’s 50 day moving average price is $26.61 and its two-hundred day moving average price is $22.32. The firm has a market cap of $11.38 billion, a PE ratio of 39.22, a PEG ratio of 0.40 and a beta of 0.60. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The company had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. Equities research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business 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 0.37%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 16.13%.

Alamos Gold Company 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.