Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Raymond James & Associates decreased its holdings in shares of Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) by 11.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,289 shares of the basic materials company’s stock after selling 39,917 shares during the period. Raymond James & Associates owned about 0.08% of Alamos Gold worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AGI. Advisor Group Holdings Inc. lifted its position in shares of Alamos Gold by 5.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock valued at $239,000 after buying an additional 1,432 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Alamos Gold by 56.4% during the 1st quarter. JPMorgan Chase & Co. now owns 535,028 shares of the basic materials company’s stock valued at $4,505,000 after buying an additional 192,939 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Alamos Gold during the 1st quarter valued at approximately $101,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Alamos Gold by 9.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 61,429 shares of the basic materials company’s stock valued at $517,000 after purchasing an additional 5,434 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in Alamos Gold by 1,006.3% in the 1st quarter. Citigroup Inc. now owns 17,700 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 16,100 shares in the last quarter. Hedge funds and other institutional investors own 50.22% of the company’s stock.
Alamos Gold Stock Up 1.7 %
Shares of AGI opened at $11.18 on Monday. Alamos Gold Inc. has a 52-week low of $6.35 and a 52-week high of $11.38. The company has a market capitalization of $4.40 billion, a PE ratio of 139.77, a price-to-earnings-growth ratio of 3.93 and a beta of 1.03. The stock has a fifty day simple moving average of $10.01 and a two-hundred day simple moving average of $8.42.
Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last issued its quarterly earnings data on Wednesday, October 26th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $213.60 million during the quarter, compared to the consensus estimate of $210.80 million. Alamos Gold had a return on equity of 4.13% and a net margin of 3.28%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. As a group, equities analysts anticipate that Alamos Gold Inc. will post 0.28 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Investors of record on Tuesday, December 6th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, December 5th. Alamos Gold’s payout ratio is 125.02%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on AGI. Canaccord Genuity Group lowered Alamos Gold from a “buy” rating to a “hold” rating in a report on Thursday. CIBC raised their price objective on Alamos Gold from C$15.00 to C$17.50 in a report on Friday, January 13th. National Bank Financial raised their price objective on Alamos Gold from C$15.00 to C$17.50 in a report on Friday, January 13th. Scotiabank upgraded Alamos Gold from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $10.00 to $11.00 in a report on Tuesday, November 22nd. Finally, StockNews.com began coverage on Alamos Gold in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Alamos Gold presently has an average rating of “Moderate Buy” and a consensus target price of $15.25.
Alamos Gold Company Profile
(Get Rating)
Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc
Featured Articles
- Get a free copy of the StockNews.com research report on Alamos Gold (AGI)
- CVS Health is Growing into an Integrated Healthcare Organization
- Is C3.ai Stock a ChatGPT Artificial Intelligence Play?
- NVIDIA Outlook Improving: Watchlist Candidate for 2023
- Which Wireless Stock Should You Buy in 2023?
- Is Virgin Galactic Stock Preparing for Lift-Off?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Alamos Gold, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Alamos Gold wasn’t on the list.
While Alamos Gold currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term outlooks are very promising.
MarketBeat’s analysts have just released their top five short plays for February 2023. Learn which stocks have the most short interest and how to trade them. Enter your email address below to see which companies made the list.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2023. All rights reserved.
© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
