Intact Investment Management Inc. cut its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 31.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 615,810 shares of the basic materials company's stock after selling 286,750 shares during the period. Intact Investment Management Inc. owned 0.15% of Alamos Gold worth $16,456,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Alamos Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after purchasing an additional 279,280 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Alamos Gold in the 4th quarter worth about $136,000. Deutsche Bank AG raised its holdings in shares of Alamos Gold by 5.3% in the 4th quarter. Deutsche Bank AG now owns 171,943 shares of the basic materials company's stock valued at $3,171,000 after acquiring an additional 8,681 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Alamos Gold in the 1st quarter valued at about $222,000. Finally, PKO Investment Management Joint Stock Co bought a new stake in shares of Alamos Gold during the 4th quarter valued at about $3,331,000. 64.33% of the stock is owned by hedge funds and other institutional investors.
Alamos Gold Trading Down 3.3%
Shares of AGI stock traded down $0.89 during mid-day trading on Tuesday, reaching $25.85. The stock had a trading volume of 3,836,083 shares, compared to its average volume of 2,833,845. The firm has a market capitalization of $10.86 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 0.62 and a beta of 0.55. The stock's 50-day moving average price is $26.86 and its two-hundred day moving average price is $23.87. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 52-week low of $15.35 and a 52-week high of $31.00.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly 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 net margin of 18.36% and a return on equity of 9.83%. The firm's revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. Equities analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.39%. The ex-dividend date is Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is currently 16.13%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Bank of America cut their price target 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. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Royal Bank Of Canada lifted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alamos Gold has an average rating of "Moderate Buy" and a consensus target price of $30.38.
Check Out Our Latest Stock Analysis on AGI
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.
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