Wells Fargo & Company MN cut its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 23.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,136 shares of the basic materials company's stock after selling 61,822 shares during the period. Wells Fargo & Company MN's holdings in Alamos Gold were worth $3,654,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Alamos Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock valued at $295,105,000 after purchasing an additional 279,280 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Alamos Gold by 17.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock valued at $173,991,000 after purchasing an additional 1,424,550 shares during the period. CIBC Asset Management Inc increased its stake in Alamos Gold by 59.0% in 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 purchasing an additional 2,867,027 shares in the last quarter. Norges Bank acquired a new stake in Alamos Gold in the fourth quarter worth $100,694,000. Finally, Addenda Capital Inc. bought a new position in shares of Alamos Gold during the fourth quarter worth $34,869,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.
Alamos Gold Stock Up 1.7 %
NYSE AGI traded up $0.47 on Monday, reaching $28.43. The company had a trading volume of 2,820,688 shares, compared to its average volume of 2,545,057. The firm has a market capitalization of $11.96 billion, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold Inc. has a 1-year low of $14.64 and a 1-year high of $31.00. The company's fifty day moving average is $25.94 and its 200-day moving average is $21.95.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced 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. The firm had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. On average, research analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
Alamos Gold Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's payout ratio is presently 14.49%.
Wall Street Analysts Forecast Growth
AGI has been the subject of several research analyst reports. Bank of America decreased their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. StockNews.com raised shares of Alamos Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Royal Bank of Canada boosted their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Alamos Gold has an average rating of "Buy" and an average target price of $30.38.
Check Out Our Latest Report on Alamos Gold
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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