Alamos Gold Inc. (AGI) Position Decreased by Van ECK Associates Corp
Van ECK Associates Corp reduced its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 10.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,845,409 shares of the basic materials company’s stock after selling 3,508,403 shares during the quarter. Alamos Gold accounts for about 1.0% of Van ECK Associates Corp’s holdings, making the stock its 21st biggest holding. Van ECK Associates Corp owned approximately 9.59% of Alamos Gold worth $194,994,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in AGI. CIBC World Markets Inc. increased its holdings in Alamos Gold by 12.2% in the 2nd quarter. CIBC World Markets Inc. now owns 190,630 shares of the basic materials company’s stock worth $1,369,000 after purchasing an additional 20,655 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Alamos Gold by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 507,684 shares of the basic materials company’s stock valued at $4,077,000 after buying an additional 2,198 shares during the period. Harvest Management LLC acquired a new stake in shares of Alamos Gold in the third quarter valued at about $270,000. Bank of Nova Scotia increased its stake in shares of Alamos Gold by 105.1% in the second quarter. Bank of Nova Scotia now owns 83,073 shares of the basic materials company’s stock valued at $589,000 after buying an additional 42,573 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in shares of Alamos Gold by 28.5% in the second quarter. State of Tennessee Treasury Department now owns 217,828 shares of the basic materials company’s stock valued at $1,543,000 after buying an additional 48,319 shares during the period. Institutional investors and hedge funds own 62.93% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $9.00 price target on shares of Alamos Gold in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $10.50.
Shares of Alamos Gold Inc. (NYSE:AGI) traded up $0.18 during trading on Thursday, hitting $6.96. The company had a trading volume of 3,286,269 shares, compared to its average volume of 2,717,134. Alamos Gold Inc. has a 52 week low of $5.95 and a 52 week high of $9.00. The company has a market cap of $2,038.43, a price-to-earnings ratio of 113.00 and a beta of 0.46.
The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a dividend yield of 0.3%. Alamos Gold’s payout ratio is 100.00%.
About Alamos Gold
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
Want to see what other hedge funds are holding AGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alamos Gold Inc. (NYSE:AGI) (TSE:AGI).
Receive News & Ratings for Alamos Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.