National Bank of Canada FI raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 18.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,529,315 shares of the basic materials company's stock after purchasing an additional 237,278 shares during the period. National Bank of Canada FI owned 0.36% of Alamos Gold worth $30,492,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its position in Alamos Gold by 147.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock valued at $119,003,000 after acquiring an additional 4,521,282 shares in the last quarter. FMR LLC raised its stake in shares of Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock worth $127,027,000 after purchasing an additional 2,148,153 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Alamos Gold by 19.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock valued at $110,662,000 after purchasing an additional 891,255 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Alamos Gold by 79.3% during the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company's stock valued at $97,336,000 after buying an additional 2,149,915 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Alamos Gold by 31.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company's stock worth $68,576,000 after buying an additional 1,058,000 shares in the last quarter. Institutional investors own 64.33% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on AGI. Scotiabank increased their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. National Bank Financial raised Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Jefferies Financial Group lifted their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, October 4th. StockNews.com downgraded Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their price target on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $25.06.
Check Out Our Latest Stock Report on Alamos Gold
Alamos Gold Stock Performance
Alamos Gold stock traded up $0.49 during trading on Monday, reaching $19.55. The company had a trading volume of 2,323,984 shares, compared to its average volume of 2,349,238. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 0.87 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The firm's 50-day simple moving average is $19.49 and its 200 day simple moving average is $18.33. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted 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). The company had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. Sell-side analysts forecast that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.51%. Alamos Gold's payout ratio is currently 16.67%.
Alamos Gold Company Profile
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Free Report)
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.
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