Alamos Gold Inc. (NYSE:AGI) Position Reduced by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. decreased its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 596,373 shares of the basic materials company’s stock after selling 20,354 shares during the quarter. Alamos Gold accounts for approximately 2.1% of Triasima Portfolio Management inc.’s portfolio, making the stock its 8th largest holding. Triasima Portfolio Management inc. owned 0.14% of Alamos Gold worth $10,997,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Old West Investment Management LLC increased its holdings in Alamos Gold by 11.0% in the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock valued at $9,689,000 after buying an additional 48,128 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of Alamos Gold in the 3rd quarter valued at about $1,196,000. CWA Asset Management Group LLC acquired a new position in Alamos Gold in the 3rd quarter worth about $793,000. National Bank of Canada FI boosted its position in Alamos Gold by 18.4% during the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company’s stock worth $30,492,000 after purchasing an additional 237,278 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Alamos Gold by 11.1% in the third quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company’s stock valued at $6,224,000 after purchasing an additional 29,933 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AGI. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $25.06.

Alamos Gold Stock Performance

NYSE AGI opened at $22.25 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $22.62. The company has a market cap of $9.35 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 0.62 and a beta of 1.16. The stock’s 50 day simple moving average is $19.41 and its 200-day simple moving average is $19.23.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The business had revenue of $360.90 million for the quarter. As a group, equities research analysts anticipate that Alamos Gold Inc. will post 0.81 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.45%. Alamos Gold’s payout ratio is presently 16.67%.

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.