Commerzbank Aktiengesellschaft FI increased its holdings in Alamos Gold Inc (NYSE:AGI) (TSE:AGI) by 12.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,123,227 shares of the basic materials company’s stock after purchasing an additional 124,304 shares during the period. Commerzbank Aktiengesellschaft FI owned approximately 0.29% of Alamos Gold worth $6,515,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. increased its position in Alamos Gold by 64.5% in the third quarter. Assenagon Asset Management S.A. now owns 862,155 shares of the basic materials company’s stock worth $5,000,000 after purchasing an additional 338,090 shares during the last quarter. Winmill & CO. Inc. bought a new stake in Alamos Gold in the third quarter worth $1,305,000. Hexavest Inc. increased its position in Alamos Gold by 74.7% in the third quarter. Hexavest Inc. now owns 875,584 shares of the basic materials company’s stock worth $5,078,000 after purchasing an additional 374,344 shares during the last quarter. Mackenzie Financial Corp increased its position in Alamos Gold by 93.6% in the second quarter. Mackenzie Financial Corp now owns 797,167 shares of the basic materials company’s stock worth $4,823,000 after purchasing an additional 385,310 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Alamos Gold by 0.9% in the second quarter. Royal Bank of Canada now owns 7,220,625 shares of the basic materials company’s stock worth $43,685,000 after purchasing an additional 63,925 shares during the last quarter. Institutional investors own 54.94% of the company’s stock.
AGI stock opened at $5.07 on Friday. Alamos Gold Inc has a twelve month low of $2.90 and a twelve month high of $7.78. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 101.40 and a beta of 0.19. The firm’s fifty day simple moving average is $6.23 and its two-hundred day simple moving average is $5.81.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Friday, September 13th. Alamos Gold’s dividend payout ratio (DPR) is 80.00%.
Several equities research analysts recently weighed in on the stock. TheStreet upgraded shares of Alamos Gold from a “d+” rating to a “c-” rating in a research report on Thursday, July 18th. Zacks Investment Research upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research report on Tuesday, July 9th. Raymond James restated a “hold” rating and issued a $10.50 price target on shares of Alamos Gold in a research report on Thursday. ValuEngine upgraded shares of Alamos Gold from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Finally, CIBC reiterated a “buy” rating and set a $9.00 price objective on shares of Alamos Gold in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.75.
Alamos Gold Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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