CIBC Asset Management Inc boosted its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 79.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,859,699 shares of the basic materials company's stock after purchasing an additional 2,149,915 shares during the quarter. CIBC Asset Management Inc owned approximately 1.16% of Alamos Gold worth $97,336,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of AGI. Mackenzie Financial Corp grew its position in shares of Alamos Gold by 147.6% during the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock valued at $119,003,000 after purchasing an additional 4,521,282 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Alamos Gold by 71.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company's stock valued at $97,183,000 after buying an additional 2,756,759 shares in the last quarter. Triasima Portfolio Management inc. grew its position in Alamos Gold by 328.2% in the second quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company's stock worth $21,779,000 after acquiring an additional 1,064,629 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Alamos Gold by 31.9% during the second 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 acquiring an additional 1,058,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Alamos Gold during the second quarter valued at approximately $15,921,000. Institutional investors own 64.33% of the company's stock.
Alamos Gold Stock Down 1.5 %
AGI stock traded down $0.26 during trading on Friday, hitting $17.48. 1,339,059 shares of the company's stock traded hands, compared to its average volume of 2,376,920. The business has a fifty day simple moving average of $19.91 and a two-hundred day simple moving average of $17.95. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7.34 billion, a P/E ratio of 29.30, a PEG ratio of 0.80 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 - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The company had revenue of $360.90 million for the quarter. Sell-side analysts anticipate that Alamos Gold Inc. will post 0.77 EPS for the current year.
Alamos Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.57%. Alamos Gold's payout ratio is 16.67%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on AGI. Royal Bank of Canada lifted their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Scotiabank boosted their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. National Bank Financial lowered shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. Jefferies Financial Group upped their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Finally, StockNews.com cut Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $25.06.
Check Out Our Latest Stock Report on Alamos Gold
About Alamos Gold
(
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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