Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 38,500 shares of the basic materials company's stock, valued at approximately $711,000. Alamos Gold comprises 1.0% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s portfolio, making the stock its 12th biggest position.
Several other institutional investors have also recently made changes to their positions in AGI. Vanguard Group Inc. raised its position in Alamos Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after purchasing an additional 279,280 shares during the period. CIBC Asset Management Inc grew its stake in shares of Alamos Gold by 59.0% during the fourth 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 during the last quarter. FMR LLC raised its holdings in shares of Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock worth $127,027,000 after buying an additional 2,148,153 shares during the period. Norges Bank bought a new stake in shares of Alamos Gold during the 4th quarter worth approximately $100,694,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Alamos Gold by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company's stock valued at $41,205,000 after acquiring an additional 38,913 shares during the period. Institutional investors own 64.33% of the company's stock.
Alamos Gold Stock Up 0.0 %
Shares of AGI stock traded up $0.01 during mid-day trading on Wednesday, hitting $26.77. The stock had a trading volume of 1,494,034 shares, compared to its average volume of 2,450,594. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The firm's 50-day moving average is $23.41 and its two-hundred day moving average is $20.84. The firm has a market capitalization of $11.25 billion, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 12-month low of $14.31 and a 12-month high of $27.25.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its 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. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. On average, analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
Alamos Gold Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.37%. Alamos Gold's dividend payout ratio (DPR) is 14.49%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on AGI shares. StockNews.com lowered Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday. Royal Bank of Canada upped their price target 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. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. One investment 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's stock. Based on data from MarketBeat.com, Alamos Gold currently has an average rating of "Buy" and a consensus price target of $26.06.
View Our Latest Stock Analysis on AGI
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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