Nuveen LLC purchased a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,354 shares of the basic materials company's stock, valued at approximately $731,000.
A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Alamos Gold by 1.3% in the first quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company's stock worth $433,133,000 after acquiring an additional 214,933 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Alamos Gold by 2.0% in the fourth quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company's stock worth $135,855,000 after acquiring an additional 145,726 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Alamos Gold by 19.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company's stock worth $156,780,000 after acquiring an additional 957,359 shares during the last quarter. TD Asset Management Inc lifted its stake in Alamos Gold by 10.4% in the first quarter. TD Asset Management Inc now owns 2,556,335 shares of the basic materials company's stock worth $68,293,000 after acquiring an additional 240,654 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in Alamos Gold by 2.1% in the fourth quarter. Driehaus Capital Management LLC now owns 2,549,393 shares of the basic materials company's stock worth $47,011,000 after acquiring an additional 51,670 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.
Alamos Gold Stock Performance
AGI stock traded up $0.66 on Friday, hitting $32.21. The company's stock had a trading volume of 2,933,621 shares, compared to its average volume of 3,107,608. The firm has a 50 day moving average of $27.05 and a two-hundred day moving average of $26.40. Alamos Gold Inc. has a 1 year low of $17.42 and a 1 year high of $32.50. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 38.81, a price-to-earnings-growth ratio of 0.69 and a beta of 0.55. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The firm had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. During the same quarter in the prior year, the firm earned $0.24 EPS. Alamos Gold's revenue for the quarter was up 31.7% on a year-over-year basis. Equities analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 11th. Alamos Gold's payout ratio is currently 12.05%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on AGI. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. CIBC restated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Stifel Nicolaus began coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They set a "buy" rating for the company. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alamos Gold presently has a consensus rating of "Buy" and a consensus target price of $30.38.
Read Our Latest Report on Alamos Gold
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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