LPL Financial LLC lessened its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,485 shares of the basic materials company's stock after selling 15,146 shares during the period. LPL Financial LLC's holdings in Alamos Gold were worth $2,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest & Ethical Investments L.P. raised its stake in shares of Alamos Gold by 6.3% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 42,073 shares of the basic materials company's stock valued at $775,000 after buying an additional 2,490 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Alamos Gold in the 4th quarter worth approximately $625,000. Evoke Wealth LLC increased its holdings in shares of Alamos Gold by 48.5% during the 4th quarter. Evoke Wealth LLC now owns 127,088 shares of the basic materials company's stock valued at $2,344,000 after purchasing an additional 41,514 shares in the last quarter. Intact Investment Management Inc. grew its position in Alamos Gold by 43.0% during the fourth quarter. Intact Investment Management Inc. now owns 902,560 shares of the basic materials company's stock valued at $16,649,000 after buying an additional 271,430 shares during the period. Finally, Alpine Woods Capital Investors LLC raised its position in shares of Alamos Gold by 52.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 87,000 shares of the basic materials company's stock worth $1,604,000 after acquiring an additional 30,000 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.
Alamos Gold Trading Up 1.0 %
NYSE AGI traded up $0.30 during trading hours on Tuesday, reaching $29.68. The company had a trading volume of 2,679,281 shares, compared to its average volume of 2,524,950. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $12.48 billion, a P/E ratio of 43.02, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The stock has a 50-day moving average of $24.65 and a 200 day moving average of $21.29. Alamos Gold Inc. has a 1-year low of $14.31 and a 1-year high of $30.08.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. As a group, research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.34%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio is currently 14.49%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on AGI. StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a research report on Tuesday. Bank of America dropped their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada raised their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research report on Monday. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $30.38.
Get Our Latest Analysis on Alamos Gold
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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