Janus Henderson Group PLC reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 20.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 809,023 shares of the basic materials company's stock after selling 204,842 shares during the quarter. Janus Henderson Group PLC owned about 0.19% of Alamos Gold worth $16,128,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hara Capital LLC bought a new position in shares of Alamos Gold during the 3rd quarter valued at approximately $47,000. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold in the second quarter valued at $48,000. Employees Retirement System of Texas purchased a new stake in shares of Alamos Gold in the second quarter valued at $88,000. Eastern Bank bought a new stake in shares of Alamos Gold in the 3rd quarter worth about $111,000. Finally, Plato Investment Management Ltd purchased a new position in shares of Alamos Gold during the 3rd quarter worth about $147,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on AGI shares. StockNews.com lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. 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. Royal Bank of Canada upped their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. National Bank Financial upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Finally, Scotiabank upped their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alamos Gold has an average rating of "Buy" and a consensus target price of $25.06.
Get Our Latest Stock Report on Alamos Gold
Alamos Gold Trading Down 2.1 %
AGI traded down $0.40 during trading on Friday, hitting $19.06. 1,445,679 shares of the stock were exchanged, compared to its average volume of 2,414,740. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 0.89 and a beta of 1.15. The firm has a 50 day simple moving average of $19.50 and a 200 day simple moving average of $18.31. 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 data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The firm had revenue of $360.90 million during the quarter. As a group, equities analysts expect that Alamos Gold Inc. will post 0.77 EPS for the current year.
Alamos Gold Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.52%. 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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