Toronto Dominion Bank raised its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 20.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,946 shares of the basic materials company's stock after acquiring an additional 30,548 shares during the period. Toronto Dominion Bank's holdings in Alamos Gold were worth $3,568,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AGI. Hara Capital LLC acquired a new stake in Alamos Gold during the third quarter worth approximately $47,000. Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold in the 2nd quarter worth approximately $48,000. Eastern Bank bought a new position in Alamos Gold in the 3rd quarter valued at $111,000. Employees Retirement System of Texas purchased a new stake in Alamos Gold during the second quarter worth about $88,000. Finally, Plato Investment Management Ltd bought a new stake in Alamos Gold in the third quarter worth about $147,000. 64.33% of the stock is owned by institutional investors and hedge funds.
Alamos Gold Stock Performance
Shares of AGI remained flat at $19.11 during mid-day trading on Monday. 3,354,788 shares of the company's stock were exchanged, compared to its average volume of 2,342,359. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The business's 50 day moving average price is $19.47 and its two-hundred day moving average price is $18.41. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business 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%. On average, research analysts forecast that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.
Alamos Gold Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 yield of 0.52%. Alamos Gold's dividend payout ratio is presently 16.67%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on AGI. Royal Bank of Canada boosted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. StockNews.com cut Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. Scotiabank raised their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group raised their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alamos Gold has an average rating of "Buy" and an average target price of $25.06.
Check Out Our Latest Stock Analysis on AGI
Alamos Gold Profile
(
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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