Price T Rowe Associates Inc. MD lowered its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,359,396 shares of the basic materials company's stock after selling 279,346 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.51% of Alamos Gold worth $170,051,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new stake in shares of Alamos Gold during the 1st quarter valued at about $41,000. SBI Securities Co. Ltd. lifted its stake in Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after buying an additional 660 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Alamos Gold during the 1st quarter worth approximately $68,000. NBT Bank N A NY acquired a new stake in shares of Alamos Gold during the 1st quarter worth approximately $190,000. Finally, Continuum Advisory LLC increased its stake in shares of Alamos Gold by 808.9% in the 1st quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock valued at $220,000 after acquiring an additional 7,329 shares in the last quarter. 64.33% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. CIBC reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Stifel Nicolaus started coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. Finally, Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $30.38.
View Our Latest Analysis on AGI
Alamos Gold Stock Performance
Shares of AGI stock traded up $0.89 during trading hours on Friday, hitting $30.54. 1,798,625 shares of the company were exchanged, compared to its average volume of 3,429,299. Alamos Gold Inc. has a 52-week low of $17.42 and a 52-week high of $31.00. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $26.41 and a 200 day simple moving average of $26.04. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 36.79, a P/E/G ratio of 0.65 and a beta of 0.51.
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 analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. Research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold's dividend payout ratio is presently 12.05%.
Alamos Gold Company 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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