Two Sigma Advisers LP lowered its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 40.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 728,874 shares of the basic materials company's stock after selling 498,990 shares during the period. Two Sigma Advisers LP owned about 0.17% of Alamos Gold worth $14,534,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp increased its position in Alamos Gold by 147.6% during the 2nd 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. FMR LLC raised 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 purchasing an additional 2,148,153 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Alamos Gold by 19.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock worth $110,662,000 after purchasing an additional 891,255 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Alamos Gold by 79.3% in the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company's stock valued at $97,336,000 after buying an additional 2,149,915 shares during the period. Finally, Bank of New York Mellon Corp increased its position in 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 in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Jefferies Financial Group increased their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, October 4th. National Bank Financial upgraded shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Scotiabank lifted their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. StockNews.com downgraded shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alamos Gold presently has a consensus rating of "Buy" and a consensus target price of $25.06.
Check Out Our Latest Analysis on Alamos Gold
Alamos Gold Stock Up 2.5 %
NYSE:AGI traded up $0.49 during trading hours on Monday, hitting $19.55. 2,323,984 shares of the company traded hands, compared to its average volume of 2,349,238. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The company has a market cap of $8.21 billion, a PE ratio of 31.77, a PEG ratio of 0.87 and a beta of 1.15. The firm's 50-day simple moving average is $19.50 and its 200-day simple moving average is $18.31. Alamos Gold Inc. has a one year low of $11.24 and a one year high of $21.45.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The firm had revenue of $360.90 million for the quarter. Equities analysts predict that Alamos Gold Inc. will post 0.77 earnings per share for the current year.
Alamos Gold Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.51%. Alamos Gold's dividend payout ratio is currently 16.67%.
About Alamos Gold
(
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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