Candriam Luxembourg S.C.A. boosted its stake in Alamos Gold Inc (NYSE:AGI) (TSE:AGI) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,492 shares of the basic materials company’s stock after acquiring an additional 11,317 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Alamos Gold were worth $416,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Neuberger Berman Group LLC acquired a new stake in shares of Alamos Gold during the third quarter worth $57,000. Insight Wealth Strategies LLC acquired a new stake in shares of Alamos Gold during the fourth quarter worth $45,000. SNS Financial Group LLC acquired a new stake in shares of Alamos Gold during the fourth quarter worth $47,000. Squarepoint Ops LLC acquired a new stake in shares of Alamos Gold during the fourth quarter worth $57,000. Finally, Bbva Compass Bancshares Inc. raised its holdings in shares of Alamos Gold by 79.7% during the fourth quarter. Bbva Compass Bancshares Inc. now owns 38,786 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 17,205 shares during the period. 59.83% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on AGI shares. Royal Bank of Canada dropped their target price on shares of Alamos Gold from $7.00 to $5.50 and set a “sector perform” rating on the stock in a report on Thursday, January 24th. CIBC reissued an “average” rating and set a $8.25 target price on shares of Alamos Gold in a report on Monday, January 21st. Raymond James restated a “buy” rating on shares of Alamos Gold in a research report on Wednesday, January 16th. ValuEngine upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, National Bank Financial lowered shares of Alamos Gold from an “outperform” rating to a “sector perform” rating in a research report on Thursday, March 21st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $6.62.
Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 20th. The basic materials company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $163.10 million during the quarter, compared to analyst estimates of $163.25 million. Alamos Gold had a negative net margin of 11.14% and a positive return on equity of 0.74%. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts expect that Alamos Gold Inc will post 0.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.01 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.85%. Alamos Gold’s dividend payout ratio is presently 80.00%.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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