Fullerton Fund Management Co Ltd. lowered its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 95.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,944 shares of the basic materials company's stock after selling 1,594,116 shares during the quarter. Fullerton Fund Management Co Ltd.'s holdings in Alamos Gold were worth $1,253,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after buying an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after acquiring an additional 856 shares during the last quarter. R Squared Ltd acquired a new position in Alamos Gold during the fourth quarter valued at approximately $61,000. Cutler Capital Management LLC bought a new stake in Alamos Gold in the fourth quarter valued at approximately $108,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Alamos Gold in the fourth quarter worth $136,000. 64.33% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on AGI. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Bank of America cut their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. StockNews.com cut Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Royal Bank of Canada lifted their price target 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. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Alamos Gold currently has an average rating of "Moderate Buy" and an average target price of $30.38.
Check Out Our Latest Analysis on Alamos Gold
Alamos Gold Trading Up 1.7 %
NYSE:AGI opened at $27.06 on Friday. 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 Inc. has a twelve month low of $15.01 and a twelve month high of $31.00. The company has a market cap of $11.38 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. The business has a 50 day moving average price of $26.61 and a two-hundred day moving average price of $22.32.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued 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). Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The firm's quarterly revenue was up 20.0% on a year-over-year basis. As a group, analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.37%. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.
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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