Principal Financial Group Inc. lifted its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,737,200 shares of the basic materials company's stock after buying an additional 61,700 shares during the period. Principal Financial Group Inc. owned about 0.44% of Alamos Gold worth $34,655,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp increased its stake in shares of Alamos Gold by 147.6% in the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock worth $119,003,000 after purchasing an additional 4,521,282 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in 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. CIBC Asset Management Inc increased its position in Alamos Gold by 311.9% during the 2nd quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company's stock valued at $42,480,000 after purchasing an additional 2,051,935 shares during the period. Triasima Portfolio Management inc. grew its position in shares of Alamos Gold by 328.2% in the 2nd quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company's stock worth $21,779,000 after buying an additional 1,064,629 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of 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 during the last quarter. Institutional investors own 64.33% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. Jefferies Financial Group boosted 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. National Bank Financial cut shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Scotiabank boosted their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Finally, StockNews.com cut shares of 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 given a buy rating to the company. According to data from MarketBeat.com, Alamos Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.06.
Get Our Latest Research Report on Alamos Gold
Alamos Gold Stock Performance
Alamos Gold stock traded down $0.26 during midday trading on Tuesday, hitting $17.92. 2,290,351 shares of the company's stock were exchanged, compared to its average volume of 2,366,146. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 0.85 and a beta of 1.19. The firm's 50 day simple moving average is $19.95 and its 200 day simple moving average is $17.93. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 9.24% and a net margin of 19.89%. On average, equities research analysts forecast that Alamos Gold Inc. will post 0.78 EPS for the current fiscal year.
Alamos Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given 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 0.56%. Alamos Gold's payout ratio is currently 16.67%.
Alamos Gold Company 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.
Further Reading
Before you consider Alamos Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alamos Gold wasn't on the list.
While Alamos Gold currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
