JPMorgan Chase & Co. Sells 26,802 Shares of Alamos Gold Inc. (NYSE:AGI)

JPMorgan Chase & Co. cut its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,598,072 shares of the basic materials company’s stock after selling 26,802 shares during the period. JPMorgan Chase & Co. owned about 0.38% of Alamos Gold worth $31,866,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AGI. Hara Capital LLC bought a new stake in Alamos Gold in the 3rd quarter valued at $47,000. Daiwa Securities Group Inc. acquired a new stake in shares of Alamos Gold during the 2nd quarter valued at about $48,000. Eastern Bank bought a new stake in Alamos Gold in the third quarter valued at about $111,000. Employees Retirement System of Texas acquired a new position in Alamos Gold in the second quarter worth about $88,000. Finally, Plato Investment Management Ltd bought a new position in Alamos Gold during the third quarter worth about $147,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada increased their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $25.06.

Alamos Gold Price Performance

Shares of AGI stock opened at $18.69 on Tuesday. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45. The stock has a market capitalization of $7.85 billion, a PE ratio of 31.15, a PEG ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The stock’s fifty day moving average is $18.97 and its 200-day moving average is $18.67.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The company had revenue of $360.90 million for the quarter. Equities research analysts expect that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Alamos Gold Company 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 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, Canada.