Assenagon Asset Management S.A. lowered its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 67.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 282,698 shares of the basic materials company's stock after selling 591,029 shares during the quarter. Assenagon Asset Management S.A. owned 0.07% of Alamos Gold worth $5,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Alamos Gold by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company's stock valued at $216,371,000 after acquiring an additional 250,207 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Alamos Gold by 147.6% during the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock valued at $119,003,000 after purchasing an additional 4,521,282 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Alamos Gold by 71.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company's stock worth $97,183,000 after purchasing an additional 2,756,759 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Alamos Gold by 31.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company's stock valued at $68,576,000 after buying an additional 1,058,000 shares during the period. Finally, CIBC Asset Management Inc increased its position in Alamos Gold by 311.9% in the 2nd quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company's stock valued at $42,480,000 after buying an additional 2,051,935 shares in the last quarter. Institutional investors own 64.33% of the company's stock.
Analysts Set New Price Targets
AGI has been the subject of a number of research reports. Royal Bank of Canada raised their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Scotiabank upped their price objective 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. StockNews.com cut shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Finally, National Bank Financial lowered shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $25.06.
Check Out Our Latest Stock Analysis on Alamos Gold
Alamos Gold Price Performance
AGI opened at $21.05 on Wednesday. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 40.48, a P/E/G ratio of 0.86 and a beta of 1.18. The firm's fifty day moving average price is $19.88 and its two-hundred day moving average price is $17.63.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The company's revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. As a group, equities analysts anticipate that Alamos Gold Inc. will post 0.75 EPS for the current year.
Alamos Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.48%. The ex-dividend date was Thursday, September 12th. Alamos Gold's dividend payout ratio is 19.23%.
Alamos Gold 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.
Further Reading
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