Knoll Capital Management LLC Reduces Position in Alamos Gold Inc. (NYSE:AGI)

Knoll Capital Management LLC trimmed its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 48.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 41,000 shares of the basic materials company’s stock after selling 39,000 shares during the period. Alamos Gold comprises approximately 0.4% of Knoll Capital Management LLC’s holdings, making the stock its 29th biggest holding. Knoll Capital Management LLC’s holdings in Alamos Gold were worth $818,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hara Capital LLC purchased a new stake in Alamos Gold in the third quarter worth $47,000. Baldwin Brothers LLC MA purchased a new stake in Alamos Gold in the second quarter worth $47,000. Daiwa Securities Group Inc. purchased a new stake in Alamos Gold in the second quarter worth $48,000. Eastern Bank purchased a new position in Alamos Gold during the third quarter valued at $111,000. Finally, Employees Retirement System of Texas purchased a new position in Alamos Gold during the second quarter valued at $88,000. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on AGI shares. Scotiabank raised their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Royal Bank of Canada raised their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group raised their price objective on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.06.

Alamos Gold Price Performance

AGI opened at $18.45 on Friday. The stock has a 50-day moving average price of $19.68 and a 200-day moving average price of $18.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm has a market cap of $7.75 billion, a PE ratio of 30.75, a P/E/G ratio of 0.74 and a beta of 1.19. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data 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). 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 during the quarter. Sell-side analysts predict that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.025 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.54%. Alamos Gold’s payout ratio is 16.67%.

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.