Alamos Gold Inc. (NYSE:AGI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 43.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,023,633 shares of the basic materials company’s stock after selling 1,528,952 shares during the period. Bank of New York Mellon Corp owned approximately 0.48% of Alamos Gold worth $37,316,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AGI. CIBC Asset Management Inc raised its stake in shares of Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after acquiring an additional 2,867,027 shares in the last quarter. FMR LLC raised its stake in shares of Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after acquiring an additional 2,148,153 shares in the last quarter. Addenda Capital Inc. acquired a new stake in Alamos Gold in the fourth quarter valued at $34,869,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Alamos Gold by 19.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock valued at $110,662,000 after buying an additional 891,255 shares in the last quarter. Finally, Generate Investment Management Ltd raised its stake in Alamos Gold by 120.8% in the fourth quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company’s stock valued at $15,101,000 after buying an additional 448,074 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Down 0.1 %

Shares of Alamos Gold stock opened at $23.87 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold Inc. has a 1 year low of $13.06 and a 1 year high of $24.59. The company has a market capitalization of $10.03 billion, a P/E ratio of 34.59, a P/E/G ratio of 0.40 and a beta of 1.16. The business has a 50 day moving average price of $21.21 and a 200 day moving average price of $20.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.42%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Analyst Upgrades and Downgrades

AGI has been the topic of a number of analyst reports. Royal Bank of Canada raised their price target on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $26.06.

About Alamos Gold

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.