Assenagon Asset Management S.A. lifted its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 40.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 395,769 shares of the basic materials company's stock after acquiring an additional 113,071 shares during the period. Assenagon Asset Management S.A. owned 0.09% of Alamos Gold worth $7,298,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in AGI. Mackenzie Financial Corp raised its holdings in 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 worth $119,003,000 after purchasing an additional 4,521,282 shares in the last quarter. FMR LLC raised its stake in Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock worth $127,027,000 after acquiring an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Alamos Gold by 19.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock valued at $110,662,000 after acquiring an additional 891,255 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Alamos Gold by 79.3% in the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company's stock valued at $97,336,000 after acquiring an additional 2,149,915 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Alamos Gold by 1.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company's stock valued at $41,205,000 after acquiring an additional 38,913 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.
Analyst Ratings Changes
AGI has been the subject of several research reports. National Bank Financial raised Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their price objective on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a report on Friday, October 4th. Six research 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.
Check Out Our Latest Research Report on AGI
Alamos Gold Stock Performance
Shares of NYSE AGI traded up $0.08 during midday trading on Monday, reaching $19.54. 1,128,196 shares of the company were exchanged, compared to its average volume of 2,128,958. The stock has a fifty day simple moving average of $18.79 and a 200 day simple moving average of $18.92. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.21 billion, a P/E ratio of 32.56, a PEG ratio of 0.59 and a beta of 1.15. 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 released 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). 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 during the quarter. On average, research analysts forecast that Alamos Gold Inc. will post 0.82 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.51%. Alamos Gold's payout ratio is currently 16.67%.
Alamos Gold Company 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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