BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) by 14.8% during the fourth quarter, HoldingsChannel reports. The firm owned 652,819 shares of the basic materials company’s stock after selling 113,297 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Alamos Gold were worth $5,025,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in Alamos Gold by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 8,598,020 shares of the basic materials company’s stock valued at $66,119,000 after buying an additional 114,049 shares during the period. General American Investors Co. Inc. lifted its stake in shares of Alamos Gold by 104.7% in the 4th quarter. General American Investors Co. Inc. now owns 1,733,042 shares of the basic materials company’s stock valued at $13,327,000 after purchasing an additional 886,620 shares during the period. Bank of Montreal Can grew its stake in Alamos Gold by 0.6% during the fourth quarter. Bank of Montreal Can now owns 2,097,471 shares of the basic materials company’s stock worth $16,080,000 after purchasing an additional 13,381 shares during the period. Linscomb & Williams Inc. grew its stake in Alamos Gold by 26.8% during the fourth quarter. Linscomb & Williams Inc. now owns 33,102 shares of the basic materials company’s stock worth $255,000 after purchasing an additional 7,004 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Alamos Gold by 122.5% during the fourth quarter. JPMorgan Chase & Co. now owns 342,089 shares of the basic materials company’s stock worth $2,631,000 after purchasing an additional 188,359 shares during the period. Institutional investors own 62.33% of the company’s stock.
Shares of NYSE AGI opened at $7.62 on Thursday. The stock has a market cap of $2.99 billion, a PE ratio of -23.81, a price-to-earnings-growth ratio of 2.32 and a beta of 1.06. Alamos Gold Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $9.38. The stock has a fifty day moving average of $8.06 and a 200-day moving average of $7.70.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Wednesday, March 16th. Alamos Gold’s payout ratio is currently -31.25%.
Several equities research analysts recently commented on AGI shares. StockNews.com started coverage on Alamos Gold in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research cut Alamos Gold from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. Canaccord Genuity Group raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Finally, National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Friday, April 29th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $11.36.
Alamos Gold Profile (Get Rating)
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 hectares located in Matachewan in the Northern Ontario, Canada.
- Get a free copy of the StockNews.com research report on Alamos Gold (AGI)
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