Janus Henderson Group PLC Lowers Position in Alamos Gold Inc. (NYSE:AGI)

Janus Henderson Group PLC lessened its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 19.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 650,127 shares of the basic materials company's stock after selling 158,896 shares during the period. Janus Henderson Group PLC owned 0.15% of Alamos Gold worth $11,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc boosted its position in shares of Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after acquiring an additional 2,867,027 shares during the last quarter. Canoe Financial LP bought a new stake in Alamos Gold during the fourth quarter valued at approximately $4,066,000. Addenda Capital Inc. bought a new stake in Alamos Gold during the fourth quarter valued at approximately $34,869,000. Vanguard Group Inc. grew 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 buying an additional 279,280 shares in the last quarter. Finally, Generate Investment Management Ltd increased its holdings in shares of Alamos Gold by 120.8% in the 4th quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company's stock worth $15,101,000 after buying an additional 448,074 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Down 1.5%

NYSE AGI traded down $0.40 on Thursday, hitting $25.71. The company's stock had a trading volume of 938,580 shares, compared to its average volume of 3,416,223. The firm has a market cap of $10.81 billion, a P/E ratio of 37.27, a PEG ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 52-week low of $15.01 and a 52-week high of $31.00. The company's 50-day simple moving average is $26.71 and its 200 day simple moving average is $22.55. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business's revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. Research analysts predict 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. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio is currently 16.13%.

Analyst Ratings Changes

Several equities research analysts have issued reports on AGI shares. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Royal Bank of Canada increased their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Bank of America decreased their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.38.

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.