AGF Management Ltd. trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 11.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,559 shares of the basic materials company's stock after selling 38,311 shares during the period. AGF Management Ltd. owned 0.07% of Alamos Gold worth $7,924,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new stake in shares of Alamos Gold during the 1st quarter valued at $41,000. SBI Securities Co. Ltd. grew its stake in Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after acquiring an additional 660 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Alamos Gold during the first quarter valued at $68,000. Coppell Advisory Solutions LLC grew its stake in Alamos Gold by 14.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock valued at $181,000 after acquiring an additional 1,260 shares in the last quarter. Finally, NBT Bank N A NY purchased a new position in Alamos Gold during the first quarter valued at $190,000. 64.33% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
AGI has been the subject of several research analyst reports. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating for the company. National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Finally, Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $30.38.
Check Out Our Latest Report on AGI
Alamos Gold Price Performance
Shares of NYSE:AGI traded up $0.56 on Friday, reaching $25.96. The company's stock had a trading volume of 3,694,642 shares, compared to its average volume of 3,508,959. The company has a 50-day simple moving average of $26.24 and a 200 day simple moving average of $25.65. The company has a market cap of $10.91 billion, a P/E ratio of 31.28, a PEG ratio of 0.56 and a beta of 0.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. Alamos Gold Inc. has a 52-week low of $17.42 and a 52-week high of $31.00.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $438.20 million during the quarter, compared to analyst estimates of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The business's revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the business earned $0.24 EPS. As a group, equities research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is 12.05%.
Alamos Gold 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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