JPMorgan Chase & Co. trimmed its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,598,072 shares of the basic materials company's stock after selling 26,802 shares during the quarter. JPMorgan Chase & Co. owned 0.38% of Alamos Gold worth $31,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in AGI. Principal Financial Group Inc. grew its stake in Alamos Gold by 3.7% in the third quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company's stock valued at $34,655,000 after purchasing an additional 61,700 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Alamos Gold by 267.0% during the 3rd quarter. Tidal Investments LLC now owns 68,735 shares of the basic materials company's stock valued at $1,371,000 after buying an additional 50,005 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Alamos Gold in the 3rd quarter valued at approximately $413,000. Virtu Financial LLC acquired a new position in Alamos Gold in the third quarter worth approximately $724,000. Finally, Toronto Dominion Bank raised its position in Alamos Gold by 20.6% during the third quarter. Toronto Dominion Bank now owns 178,946 shares of the basic materials company's stock valued at $3,568,000 after acquiring an additional 30,548 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have commented on AGI shares. Jefferies Financial Group boosted their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. StockNews.com downgraded shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, National Bank Financial raised Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alamos Gold presently has an average rating of "Buy" and a consensus target price of $25.06.
Get Our Latest Report on Alamos Gold
Alamos Gold Stock Performance
AGI stock traded up $0.03 during mid-day trading on Tuesday, reaching $18.72. 2,182,039 shares of the stock traded hands, compared to its average volume of 2,003,335. The business has a 50-day moving average of $18.94 and a two-hundred day moving average of $18.69. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45. The firm has a market capitalization of $7.87 billion, a PE ratio of 31.20, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. As a group, equities analysts predict that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.025 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.53%. Alamos Gold's dividend payout ratio is 16.67%.
Alamos Gold Company 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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