Beck Bode LLC purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 97,256 shares of the basic materials company's stock, valued at approximately $1,310,000.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Alamos Gold by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 14,202,762 shares of the basic materials company's stock valued at $160,349,000 after buying an additional 202,396 shares during the last quarter. Invesco Ltd. lifted its position in shares of Alamos Gold by 4.9% during the 3rd quarter. Invesco Ltd. now owns 3,764,554 shares of the basic materials company's stock valued at $42,502,000 after buying an additional 175,117 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Alamos Gold by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 3,339,827 shares of the basic materials company's stock valued at $37,685,000 after buying an additional 428,780 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Alamos Gold by 9.4% during the 4th quarter. Mackenzie Financial Corp now owns 3,011,874 shares of the basic materials company's stock valued at $40,525,000 after buying an additional 258,688 shares during the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of Alamos Gold by 84.9% during the 4th quarter. Ninety One UK Ltd now owns 3,002,701 shares of the basic materials company's stock valued at $40,580,000 after buying an additional 1,378,456 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
AGI has been the topic of a number of analyst reports. Jefferies Financial Group boosted their price objective on Alamos Gold from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. Royal Bank of Canada boosted their price objective on Alamos Gold from $16.00 to $18.00 and gave the company an "outperform" rating in a research note on Tuesday, April 23rd. StockNews.com upgraded Alamos Gold from a "hold" rating to a "buy" rating in a research note on Sunday, April 14th. National Bank Financial reiterated an "outperform overweight" rating on shares of Alamos Gold in a research note on Monday, April 8th. Finally, Bank of America upgraded Alamos Gold from a "neutral" rating to a "buy" rating and upped their target price for the stock from $21.75 to $27.25 in a research note on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.15.
Check Out Our Latest Stock Report on Alamos Gold
Alamos Gold Price Performance
NYSE AGI traded up $0.25 during trading on Wednesday, reaching $14.97. The company's stock had a trading volume of 2,554,522 shares, compared to its average volume of 2,615,599. The stock has a market capitalization of $5.95 billion, a PE ratio of 28.78, a P/E/G ratio of 3.75 and a beta of 1.15. The firm has a fifty day moving average of $13.99 and a 200 day moving average of $13.32. Alamos Gold Inc. has a one year low of $10.78 and a one year high of $16.01.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $277.60 million for the quarter, compared to analyst estimates of $271.15 million. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The company's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 EPS. Research analysts expect that Alamos Gold Inc. will post 0.67 earnings per share for the current fiscal year.
Alamos Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.67%. Alamos Gold's dividend payout ratio (DPR) is presently 19.23%.
About Alamos Gold
(
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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