Franklin Resources Inc. trimmed its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,355,335 shares of the basic materials company's stock after selling 255,064 shares during the period. Franklin Resources Inc. owned about 1.04% of Alamos Gold worth $86,106,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Natixis Advisors LLC increased its position in shares of Alamos Gold by 2.0% in the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company's stock valued at $552,000 after acquiring an additional 531 shares during the period. Captrust Financial Advisors boosted its stake in shares of Alamos Gold by 4.0% during the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company's stock valued at $375,000 after purchasing an additional 728 shares in the last quarter. Foundation Resource Management Inc. raised its stake in Alamos Gold by 3.0% in the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company's stock worth $826,000 after buying an additional 1,190 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Alamos Gold by 3.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company's stock worth $609,000 after buying an additional 1,282 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in Alamos Gold by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company's stock worth $1,042,000 after buying an additional 1,654 shares during the period. 64.33% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
AGI has been the subject of several research reports. StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. 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. Scotiabank boosted their price objective on shares of 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 note on Tuesday, December 3rd. Finally, Jefferies Financial Group lifted their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a report on Friday, October 4th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $25.06.
Read Our Latest Stock Report on Alamos Gold
Alamos Gold Stock Performance
AGI remained flat at $19.11 during trading on Monday. The company's stock had a trading volume of 3,354,788 shares, compared to its average volume of 2,342,359. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $21.45. The business's 50-day moving average is $19.47 and its 200 day moving average is $18.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm has a market cap of $8.03 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 EPS 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, equities analysts expect that Alamos Gold Inc. will post 0.77 EPS for the current year.
Alamos Gold Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, December 5th. Alamos Gold's dividend payout ratio (DPR) is presently 16.67%.
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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