Invesco Ltd. Has $48.44 Million Holdings in Alamos Gold Inc. (NYSE:AGI)

Invesco Ltd. lessened its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,626,918 shares of the basic materials company's stock after selling 9,627 shares during the quarter. Invesco Ltd. owned 0.62% of Alamos Gold worth $48,440,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of 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 acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of 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 buying an additional 856 shares during the last quarter. R Squared Ltd bought a new stake in shares of Alamos Gold during the 4th quarter worth about $61,000. Daiwa Securities Group Inc. bought a new position in Alamos Gold in the 4th quarter valued at about $136,000. Finally, XTX Topco Ltd bought a new stake in shares of Alamos Gold during the third quarter worth approximately $207,000. Institutional investors own 64.33% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. StockNews.com upgraded Alamos Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, Bank of America cut their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $30.38.

Alamos Gold Trading Up 0.8 %

AGI stock traded up $0.22 during midday trading on Monday, hitting $29.80. The stock had a trading volume of 912,028 shares, compared to its average volume of 2,524,492. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm has a market cap of $12.53 billion, a P/E ratio of 43.23, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The business has a fifty day moving average price of $25.24 and a two-hundred day moving average price of $21.57. Alamos Gold Inc. has a 1-year low of $14.31 and a 1-year high of $32.06.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, sell-side analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.34%. Alamos Gold's payout ratio is currently 14.49%.

About Alamos Gold

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.