Alamos Gold Inc. $AGI Shares Sold by AGF Management Ltd.

AGF Management Ltd. reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 40.6% in the 3rd quarter, Holdings Channel reports. The fund owned 310,004 shares of the basic materials company’s stock after selling 211,685 shares during the period. AGF Management Ltd.’s holdings in Alamos Gold were worth $10,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of AGI. Norges Bank acquired a new stake in shares of Alamos Gold during the 2nd quarter worth approximately $144,808,000. Geode Capital Management LLC boosted its holdings in Alamos Gold by 639.2% during the second quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock worth $91,379,000 after buying an additional 2,923,478 shares in the last quarter. CIBC Asset Management Inc grew its position in Alamos Gold by 29.3% during the second quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock valued at $296,623,000 after buying an additional 2,521,347 shares during the period. Mackenzie Financial Corp grew its position in Alamos Gold by 32.3% during the second quarter. Mackenzie Financial Corp now owns 8,979,615 shares of the basic materials company’s stock valued at $238,990,000 after buying an additional 2,192,593 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Alamos Gold by 105.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after buying an additional 1,227,695 shares in the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a $49.00 target price on shares of Alamos Gold in a research note on Sunday, December 7th. Bank of America upped their price target on Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Desjardins started coverage on Alamos Gold in a report on Friday, November 28th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “buy (a)” rating on shares of Alamos Gold in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and a consensus target price of $44.25.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $36.74 on Tuesday. The stock has a market capitalization of $15.42 billion, a P/E ratio of 28.70, a PEG ratio of 0.33 and a beta of 0.61. The business has a 50 day simple moving average of $39.24 and a two-hundred day simple moving average of $33.74. Alamos Gold Inc. has a 12 month low of $20.98 and a 12 month high of $45.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a $0.025 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is presently 7.81%.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.