Schroder Investment Management Group Lowers Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Schroder Investment Management Group trimmed its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 33.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 732,549 shares of the basic materials company's stock after selling 374,660 shares during the quarter. Schroder Investment Management Group owned approximately 0.17% of Alamos Gold worth $13,237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AGI. Old West Investment Management LLC boosted its stake in shares of Alamos Gold by 11.0% in the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company's stock worth $9,689,000 after acquiring an additional 48,128 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. Canoe Financial LP purchased a new stake in shares of Alamos Gold during the fourth quarter worth $4,066,000. National Bank of Canada FI raised its position in shares of Alamos Gold by 18.4% in the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company's stock valued at $30,492,000 after buying an additional 237,278 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Alamos Gold by 11.1% in the third quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock worth $6,224,000 after buying an additional 29,933 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

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Alamos Gold Trading Down 0.1 %

Alamos Gold stock traded down $0.02 during mid-day trading on Tuesday, hitting $24.52. The company's stock had a trading volume of 3,571,809 shares, compared to its average volume of 2,498,074. The stock's fifty day moving average is $24.00 and its two-hundred day moving average is $21.04. 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 firm has a market capitalization of $10.31 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. Alamos Gold Inc. has a 1 year low of $14.31 and a 1 year high of $27.32.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is 14.49%.

Analysts Set New Price Targets

A number of analysts have commented on AGI shares. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday. Bank of America cut their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday. StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $27.63.

Alamos Gold 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.