Royce & Associates LP Has $56.44 Million Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Royce & Associates LP reduced its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 24.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,832,279 shares of the basic materials company’s stock after selling 892,457 shares during the period. Royce & Associates LP owned about 0.67% of Alamos Gold worth $56,438,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AGI. Baldwin Brothers LLC MA acquired a new position in shares of Alamos Gold in the second quarter valued at $47,000. Hara Capital LLC bought a new position in Alamos Gold in the 3rd quarter valued at about $47,000. Daiwa Securities Group Inc. acquired a new stake in Alamos Gold during the second quarter worth approximately $48,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold during the second quarter worth approximately $88,000. Finally, Eastern Bank acquired a new position in shares of Alamos Gold in the third quarter valued at approximately $111,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AGI shares. Royal Bank of Canada boosted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank increased their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group boosted their price target on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Alamos Gold presently has an average rating of “Moderate Buy” and an average price target of $25.06.

Alamos Gold Stock Down 0.2 %

NYSE AGI opened at $17.74 on Friday. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45. The business has a fifty day moving average price of $19.93 and a two-hundred day moving average price of $17.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The stock has a market capitalization of $7.45 billion, a PE ratio of 29.57, a PEG ratio of 0.80 and a beta of 1.19.

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

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.56%. Alamos Gold’s dividend payout ratio is currently 16.67%.

Alamos Gold 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.