Alamos Gold Inc. (NYSE:AGI) Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. decreased its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,668,618 shares of the basic materials company’s stock after selling 303,160 shares during the quarter. Beutel Goodman & Co Ltd. owned approximately 0.87% of Alamos Gold worth $67,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of AGI. Natixis Advisors LLC boosted its holdings in Alamos Gold by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock valued at $552,000 after purchasing an additional 531 shares during the last quarter. Veracity Capital LLC raised its position in shares of Alamos Gold by 3.2% during the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock valued at $416,000 after buying an additional 694 shares during the period. Captrust Financial Advisors raised its position in shares of Alamos Gold by 4.0% during the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after buying an additional 728 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 856 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in Alamos Gold by 4.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock worth $400,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE AGI opened at $26.57 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. The company has a market cap of $11.17 billion, a P/E ratio of 38.50, a P/E/G ratio of 0.40 and a beta of 1.15. The stock has a 50-day moving average of $23.13 and a two-hundred day moving average of $20.72. Alamos Gold Inc. has a 1-year low of $14.31 and a 1-year high of $27.25.

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

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

Analyst Ratings Changes

AGI has been the topic of several recent analyst reports. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. StockNews.com cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank of Canada lifted their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and a consensus price target of $26.06.

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.