Canoe Financial LP bought a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 220,547 shares of the basic materials company's stock, valued at approximately $4,066,000. Canoe Financial LP owned 0.05% of Alamos Gold as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Bradley Foster & Sargent Inc. CT purchased a new stake in Alamos Gold during the 2nd quarter worth approximately $1,367,000. Vanguard Personalized Indexing Management LLC raised its stake in Alamos Gold by 18.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the basic materials company's stock worth $216,000 after purchasing an additional 2,141 shares during the period. 1832 Asset Management L.P. grew its position in Alamos Gold by 140.4% in the second quarter. 1832 Asset Management L.P. now owns 1,470,777 shares of the basic materials company's stock worth $23,062,000 after acquiring an additional 858,977 shares during the period. Epoch Investment Partners Inc. grew its stake in shares of Alamos Gold by 120.4% in the second quarter. Epoch Investment Partners Inc. now owns 194,965 shares of the basic materials company's stock valued at $3,057,000 after buying an additional 106,506 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Alamos Gold during the second quarter worth approximately $267,000. 64.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. National Bank Financial upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Finally, StockNews.com downgraded shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $25.06.
Read Our Latest Stock Analysis on Alamos Gold
Alamos Gold Trading Up 0.4 %
NYSE AGI traded up $0.08 during mid-day trading on Friday, reaching $19.54. 1,128,196 shares of the stock were exchanged, compared to its average volume of 2,128,958. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $21.45. The business's fifty day simple moving average is $18.79 and its 200 day simple moving average is $18.90. The stock has a market capitalization of $8.21 billion, a PE ratio of 32.56, a PEG ratio of 0.59 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). The company 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, research analysts anticipate that Alamos Gold Inc. will post 0.82 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.51%. Alamos Gold's dividend payout ratio 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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