Y Intercept Hong Kong Ltd lessened its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 78.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,205 shares of the basic materials company's stock after selling 48,874 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Alamos Gold were worth $263,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Hara Capital LLC bought a new stake in Alamos Gold during the 3rd quarter valued at $47,000. Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold during the second quarter valued at about $48,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold during the second quarter worth about $88,000. Eastern Bank acquired a new stake in shares of Alamos Gold in the 3rd quarter worth about $111,000. Finally, Plato Investment Management Ltd bought a new position in Alamos Gold in the 3rd quarter valued at about $147,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. National Bank Financial raised Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. StockNews.com lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group boosted their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $25.06.
Check Out Our Latest Report on Alamos Gold
Alamos Gold Stock Performance
NYSE AGI traded up $0.05 on Thursday, hitting $18.11. 1,755,903 shares of the stock traded hands, compared to its average volume of 2,352,880. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 0.93 and a beta of 1.15. The business's fifty day moving average is $19.41 and its two-hundred day moving average is $18.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. Alamos Gold Inc. has a 12 month low of $11.24 and a 12 month high of $21.45.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The firm had revenue of $360.90 million for the quarter. As a group, equities analysts anticipate that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, December 5th. Alamos Gold's dividend payout ratio (DPR) is currently 16.67%.
Alamos Gold Company 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.
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