Fiera Capital Corp lessened its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 23.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 676,330 shares of the basic materials company's stock after selling 202,668 shares during the period. Fiera Capital Corp owned approximately 0.16% of Alamos Gold worth $13,495,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AGI. Private Advisor Group LLC grew its position in Alamos Gold by 40.8% during the 1st quarter. Private Advisor Group LLC now owns 25,020 shares of the basic materials company's stock worth $369,000 after purchasing an additional 7,253 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Alamos Gold by 54.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 161,001 shares of the basic materials company's stock valued at $2,375,000 after acquiring an additional 56,745 shares during the period. Russell Investments Group Ltd. lifted its stake in Alamos Gold by 66.2% during the 1st quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company's stock valued at $2,829,000 after acquiring an additional 76,379 shares during the period. Edmond DE Rothschild Holding S.A. lifted its stake in Alamos Gold by 12.3% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 129,146 shares of the basic materials company's stock valued at $1,904,000 after acquiring an additional 14,146 shares during the period. Finally, Foundry Partners LLC lifted its stake in Alamos Gold by 8.9% during the 1st quarter. Foundry Partners LLC now owns 496,486 shares of the basic materials company's stock valued at $7,323,000 after acquiring an additional 40,393 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.
Alamos Gold Stock Performance
Shares of AGI traded down $0.36 during trading hours on Friday, hitting $19.38. The stock had a trading volume of 2,409,250 shares, compared to its average volume of 2,351,698. The firm has a 50-day moving average price of $19.97 and a 200 day moving average price of $17.89. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 0.88 and a beta of 1.19. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data 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 for the quarter. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. As a group, analysts predict that Alamos Gold Inc. will post 0.78 EPS for the current fiscal year.
Alamos Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold's dividend payout ratio is presently 16.67%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on AGI. Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, October 4th. National Bank Financial cut shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. Scotiabank lifted their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Finally, StockNews.com cut shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $25.06.
Check Out Our Latest Analysis on AGI
Alamos Gold Company Profile
(
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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