JPMorgan Chase & Co. lessened its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,501,892 shares of the basic materials company's stock after selling 96,180 shares during the quarter. JPMorgan Chase & Co. owned 0.36% of Alamos Gold worth $27,695,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of AGI. Veracity Capital LLC lifted its holdings in Alamos Gold by 3.2% in the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock valued at $416,000 after acquiring an additional 694 shares during the period. Captrust Financial Advisors lifted its position in shares of Alamos Gold by 4.0% during the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company's stock valued at $375,000 after acquiring an additional 728 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after purchasing an additional 856 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in Alamos Gold by 4.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company's stock valued at $400,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 1,157 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
AGI has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Bank of America decreased their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com raised shares of Alamos Gold from a "hold" rating to a "buy" rating in a research note on Sunday, April 6th. Finally, National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Alamos Gold presently has an average rating of "Buy" and an average price target of $27.63.
View Our Latest Stock Analysis on AGI
Alamos Gold Trading Up 4.4 %
Shares of AGI traded up $1.22 during mid-day trading on Friday, hitting $29.19. The company had a trading volume of 6,016,646 shares, compared to its average volume of 2,520,099. Alamos Gold Inc. has a 1-year low of $14.31 and a 1-year high of $29.99. The business's 50-day simple moving average is $24.51 and its 200-day simple moving average is $21.23. The stock has a market cap of $12.27 billion, a PE ratio of 42.30, a P/E/G ratio of 0.40 and a beta of 1.02. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 21.11% and a return on equity of 10.05%. Sell-side analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.
Alamos Gold Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. Alamos Gold's payout ratio is currently 14.49%.
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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