Beutel Goodman & Co Ltd. reduced its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,668,618 shares of the basic materials company's stock after selling 303,160 shares during the period. Beutel Goodman & Co Ltd. owned about 0.87% of Alamos Gold worth $67,648,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Alamos Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after purchasing an additional 279,280 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after acquiring an additional 2,867,027 shares during the period. FMR LLC grew its holdings in Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock valued at $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Norges Bank bought a new position in Alamos Gold during the fourth quarter worth about $100,694,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Alamos Gold by 1.9% during the third quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company's stock worth $41,205,000 after purchasing an additional 38,913 shares during the period. 64.33% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on AGI shares. StockNews.com downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday. Royal Bank of Canada raised their price target on Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Finally, National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $26.06.
Check Out Our Latest Research Report on AGI
Alamos Gold Price Performance
Shares of AGI traded down $0.09 during midday trading on Wednesday, hitting $26.67. The company's stock had a trading volume of 1,644,155 shares, compared to its average volume of 2,451,041. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a one year low of $14.31 and a one year high of $27.25. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company's fifty day simple moving average is $23.41 and its two-hundred day simple moving average is $20.84.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. As a group, equities analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.37%. Alamos Gold's payout ratio is presently 14.49%.
Alamos Gold 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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