FIL Ltd increased its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 685,251 shares of the basic materials company's stock after purchasing an additional 30,669 shares during the period. FIL Ltd owned approximately 0.16% of Alamos Gold worth $12,642,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in AGI. Blue Trust Inc. grew its holdings in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after buying an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 856 shares during the last quarter. R Squared Ltd bought a new stake in shares of Alamos Gold in the fourth quarter worth $61,000. Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold during the 4th quarter worth about $136,000. Finally, XTX Topco Ltd acquired a new stake in shares of Alamos Gold in the third quarter valued at about $207,000. Institutional investors own 64.33% of the company's stock.
Alamos Gold Stock Performance
Shares of AGI traded up $0.30 during trading hours on Tuesday, hitting $29.68. The company had a trading volume of 2,679,281 shares, compared to its average volume of 2,524,951. The business has a fifty day moving average of $24.65 and a 200-day moving average of $21.29. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 0.40 and a beta of 1.02. Alamos Gold Inc. has a 12 month low of $14.31 and a 12 month high of $30.08.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Equities analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's payout ratio is 14.49%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on AGI shares. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com raised shares of Alamos Gold from a "hold" rating to a "buy" rating in a research note on Tuesday. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday. Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, Bank of America dropped their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $30.38.
Check Out Our Latest Analysis on AGI
Alamos Gold 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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