Connor Clark & Lunn Investment Management Ltd. lessened its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,909,396 shares of the basic materials company's stock after selling 644,686 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.17% of Alamos Gold worth $90,459,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Jupiter Asset Management Ltd. boosted its position in Alamos Gold by 55.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,615,833 shares of the basic materials company's stock worth $29,796,000 after acquiring an additional 574,995 shares during the period. Forge First Asset Management Inc. raised its stake in shares of Alamos Gold by 33.2% during the fourth quarter. Forge First Asset Management Inc. now owns 223,200 shares of the basic materials company's stock valued at $4,114,000 after purchasing an additional 55,600 shares in the last quarter. AGF Management Ltd. acquired a new stake in Alamos Gold in the fourth quarter worth about $6,178,000. Daiwa Securities Group Inc. bought a new position in Alamos Gold in the 4th quarter valued at about $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Alamos Gold by 93.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 178,170 shares of the basic materials company's stock valued at $3,285,000 after buying an additional 86,137 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.
Alamos Gold Price Performance
Shares of AGI traded up $0.26 during mid-day trading on Friday, hitting $25.13. The company's stock had a trading volume of 3,467,114 shares, compared to its average volume of 2,287,501. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The firm has a 50-day moving average price of $21.77 and a 200 day moving average price of $20.22. Alamos Gold Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $25.36. The stock has a market capitalization of $10.56 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 0.40 and a beta of 1.15.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. On average, research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on AGI shares. 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. Royal Bank of Canada upped their target price on Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $26.06.
Check Out Our Latest Stock Analysis on AGI
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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