American Century Companies Inc. cut its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,640,205 shares of the basic materials company's stock after selling 644,458 shares during the quarter. American Century Companies Inc. owned 0.63% of Alamos Gold worth $48,698,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of AGI. Blue Trust Inc. grew its position in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 856 shares in the last quarter. R Squared Ltd purchased a new stake in Alamos Gold during the 4th quarter worth approximately $61,000. Daiwa Securities Group Inc. acquired a new stake in Alamos Gold during the 4th quarter worth approximately $136,000. Finally, XTX Topco Ltd purchased a new position in Alamos Gold in the 3rd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 64.33% of the company's stock.
Alamos Gold Stock Down 0.5 %
Shares of NYSE:AGI traded down $0.15 on Friday, hitting $26.57. 3,772,852 shares of the company's stock were exchanged, compared to its average volume of 2,452,317. Alamos Gold Inc. has a 1-year low of $14.31 and a 1-year high of $27.25. The company has a market capitalization of $11.17 billion, a PE ratio of 38.50, a P/E/G ratio of 0.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The firm's 50-day moving average is $23.13 and its 200 day moving average is $20.75.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.
Alamos Gold Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is 14.49%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. StockNews.com downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Royal Bank of Canada lifted their price objective on Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Alamos Gold presently has a consensus rating of "Buy" and a consensus price target of $26.06.
Get Our Latest Report on AGI
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.
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