Legal & General Group Plc lessened its holdings in shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) by 3.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 174,999 shares of the basic materials company’s stock after selling 6,693 shares during the period. Legal & General Group Plc’s holdings in Alamos Gold were worth $869,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of AGI. Wealth Quarterback LLC acquired a new position in shares of Alamos Gold during the 4th quarter worth about $1,153,211,000. Norges Bank acquired a new position in shares of Alamos Gold during the 4th quarter worth about $27,742,000. Beutel Goodman & Co Ltd. lifted its position in shares of Alamos Gold by 20.4% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 11,416,640 shares of the basic materials company’s stock worth $68,728,000 after purchasing an additional 1,936,130 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Alamos Gold by 6,874.0% during the 4th quarter. Schroder Investment Management Group now owns 1,790,916 shares of the basic materials company’s stock worth $14,022,000 after purchasing an additional 1,765,236 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Alamos Gold by 31.9% during the 1st quarter. First Eagle Investment Management LLC now owns 6,176,338 shares of the basic materials company’s stock worth $31,029,000 after purchasing an additional 1,494,500 shares during the last quarter. 54.97% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on AGI. TD Securities boosted their price objective on Alamos Gold from $16.50 to $17.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. ValuEngine lowered Alamos Gold from a “hold” rating to a “sell” rating in a research note on Monday, March 30th. Royal Bank of Canada restated a “hold” rating and set a $6.50 price target on shares of Alamos Gold in a research note on Wednesday, May 6th. DA Davidson lowered Alamos Gold from a “neutral” rating to an “underperform” rating and set a $5.30 price target on the stock. in a research note on Thursday, March 12th. Finally, National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $9.29.
Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. Alamos Gold had a return on equity of 3.85% and a net margin of 9.52%. The company had revenue of $176.90 million for the quarter, compared to analyst estimates of $166.63 million. During the same period in the prior year, the company posted $0.03 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. Sell-side analysts forecast that Alamos Gold Inc will post 0.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a dividend of $0.015 per share. The ex-dividend date was Monday, June 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.66%. Alamos Gold’s dividend payout ratio (DPR) is presently 30.00%.
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.
See Also: Hedge Funds Explained
Want to see what other hedge funds are holding AGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alamos Gold Inc (NYSE:AGI) (TSE:AGI).
Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.