Gotham Asset Management LLC reduced its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 37.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,992 shares of the basic materials company's stock after selling 42,733 shares during the quarter. Gotham Asset Management LLC's holdings in Alamos Gold were worth $1,328,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. lifted its holdings in shares of Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 856 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Alamos Gold in the 4th quarter valued at about $61,000. Cutler Capital Management LLC purchased a new stake in shares of Alamos Gold in the 4th quarter valued at about $108,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold in the 4th quarter valued at about $136,000. 64.33% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Bank of America reduced their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Royal Bank of Canada upped their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.38.
Read Our Latest Report on Alamos Gold
Alamos Gold Stock Down 0.4%
AGI opened at $24.44 on Friday. The business has a 50 day moving average price of $26.67 and a two-hundred day moving average price of $22.45. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company has a market cap of $10.28 billion, a PE ratio of 35.43, a P/E/G ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 52 week low of $15.01 and a 52 week high of $31.00.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The business had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business's quarterly revenue was up 20.0% on a year-over-year basis. During the same period last year, the company posted $0.13 earnings per share. As a group, research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.
Alamos Gold Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. 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 16.13%.
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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