Putnam Investments LLC lowered its position in Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 41.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 497,478 shares of the basic materials company’s stock after selling 354,052 shares during the quarter. Putnam Investments LLC owned approximately 0.13% of Alamos Gold worth $6,084,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of AGI. Van ECK Associates Corp raised its holdings in shares of Alamos Gold by 8.2% in the 1st quarter. Van ECK Associates Corp now owns 48,587,562 shares of the basic materials company’s stock valued at $594,222,000 after purchasing an additional 3,686,948 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Alamos Gold by 2.0% during the third quarter. Vanguard Group Inc. now owns 13,312,053 shares of the basic materials company’s stock worth $98,641,000 after buying an additional 256,082 shares during the period. Renaissance Technologies LLC boosted its position in Alamos Gold by 6.7% during the 1st quarter. Renaissance Technologies LLC now owns 9,177,531 shares of the basic materials company’s stock valued at $77,275,000 after acquiring an additional 579,511 shares in the last quarter. FMR LLC increased its holdings in shares of Alamos Gold by 16.6% in the 1st quarter. FMR LLC now owns 6,232,342 shares of the basic materials company’s stock valued at $76,089,000 after acquiring an additional 888,701 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Alamos Gold by 29.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,551,252 shares of the basic materials company’s stock worth $67,770,000 after acquiring an additional 1,248,500 shares in the last quarter. Institutional investors own 54.99% of the company’s stock.
Alamos Gold Trading Up 2.9 %
NYSE:AGI opened at $12.42 on Friday. The company has a market capitalization of $4.92 billion, a P/E ratio of 30.29, a PEG ratio of 1.39 and a beta of 1.09. Alamos Gold Inc. has a 12 month low of $6.35 and a 12 month high of $14.12. The firm has a fifty day simple moving average of $12.07 and a 200-day simple moving average of $12.18.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last issued its earnings results on Thursday, July 27th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $261.00 million during the quarter, compared to analyst estimates of $251.17 million. Alamos Gold had a return on equity of 6.00% and a net margin of 16.98%. The firm’s quarterly revenue was up 36.5% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. Equities analysts forecast that Alamos Gold Inc. will post 0.43 EPS for the current year.
Alamos Gold Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be given a $0.025 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.81%. Alamos Gold’s dividend payout ratio is currently 24.39%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on AGI. TD Securities raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 target price on shares of Alamos Gold in a research note on Tuesday, August 8th. StockNews.com began coverage on shares of Alamos Gold in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, CSFB decreased their price objective on Alamos Gold from $13.00 to $12.50 and set a “neutral” rating for the company in a report on Thursday, August 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.70.
Alamos Gold Profile
Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold and silver 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,…
Read More: Putnam Investments LLC Sells 354,052 Shares of Alamos Gold Inc. (NYSE:AGI)