Nikko Asset Management Americas Inc. Decreases Holdings in Alamos Gold Inc. (NYSE:AGI)

Nikko Asset Management Americas Inc. lessened its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 13.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 145,694 shares of the basic materials company's stock after selling 22,074 shares during the period. Nikko Asset Management Americas Inc.'s holdings in Alamos Gold were worth $2,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AGI. CIBC Asset Management Inc increased its position in Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after buying an additional 2,867,027 shares in the last quarter. FMR LLC increased its holdings in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock valued at $127,027,000 after acquiring an additional 2,148,153 shares in the last quarter. Addenda Capital Inc. acquired a new position in shares of Alamos Gold during the fourth quarter worth approximately $34,869,000. Raymond James Financial Inc. bought a new position in shares of Alamos Gold in the 4th quarter worth $28,950,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock valued at $110,662,000 after purchasing an additional 891,255 shares during the period. 64.33% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $26.06.

Alamos Gold Stock Down 0.1 %

AGI traded down $0.04 during mid-day trading on Friday, reaching $26.06. 6,416,813 shares of the stock were exchanged, compared to its average volume of 2,329,514. The company has a 50 day moving average price of $22.33 and a two-hundred day moving average price of $20.40. The stock has a market capitalization of $10.95 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold Inc. has a 1 year low of $13.44 and a 1 year high of $26.35.

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. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. As a group, research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. Alamos Gold's dividend payout ratio (DPR) is currently 14.49%.

Alamos Gold Company Profile

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.