PKO Investment Management Joint Stock Co purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 180,500 shares of the basic materials company's stock, valued at approximately $3,331,000.
Several other large investors have also made changes to their positions in AGI. Dimensional Fund Advisors LP boosted its position in shares of Alamos Gold by 296.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock worth $136,011,000 after acquiring an additional 5,516,186 shares in the last quarter. Norges Bank acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $100,694,000. CIBC Asset Management Inc lifted its stake in Alamos Gold by 59.0% in the 4th 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 during the last quarter. Raymond James Financial Inc. bought a new position in Alamos Gold in the 4th quarter valued at approximately $28,950,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Alamos Gold by 17.8% in the 4th 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 last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.
Analyst Ratings Changes
Several brokerages recently commented on AGI. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Bank of America dropped their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Finally, Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Alamos Gold presently has an average rating of "Moderate Buy" and a consensus target price of $30.38.
Check Out Our Latest Analysis on AGI
Alamos Gold Trading Up 0.9%
Shares of AGI stock traded up $0.24 during trading hours on Friday, hitting $25.91. 6,031,751 shares of the company's stock traded hands, compared to its average volume of 2,743,797. The stock's 50 day simple moving average is $26.70 and its 200 day simple moving average is $22.94. The stock has a market cap of $10.90 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 12 month low of $15.01 and a 12 month high of $31.00. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). The business had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Alamos Gold's revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.
Alamos Gold Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, June 12th. Alamos Gold's dividend payout ratio is presently 16.13%.
Alamos Gold Company 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.
Further Reading
Before you consider Alamos Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alamos Gold wasn't on the list.
While Alamos Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
