Alamos Gold Inc. (NYSE:AGI) Stake Cut by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 23.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,136 shares of the basic materials company’s stock after selling 61,822 shares during the quarter. Wells Fargo & Company MN’s holdings in Alamos Gold were worth $3,654,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Blue Trust Inc. grew its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Alamos Gold by 51.8% during the 4th 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 in the last quarter. R Squared Ltd acquired a new position in shares of Alamos Gold in the fourth quarter worth $61,000. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold during the fourth quarter worth $136,000. Finally, Guyasuta Investment Advisors Inc. boosted its position in Alamos Gold by 10.7% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 15,500 shares of the basic materials company’s stock valued at $286,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Down 3.1 %

Alamos Gold stock opened at $28.82 on Wednesday. Alamos Gold Inc. has a 52 week low of $14.31 and a 52 week high of $31.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The firm has a market capitalization of $12.12 billion, a PE ratio of 41.77, a PEG ratio of 0.40 and a beta of 1.02. The business’s 50-day simple moving average is $25.49 and its 200-day simple moving average is $21.69.

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

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. Alamos Gold’s payout ratio is 14.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AGI shares. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a report on Monday, April 14th. Bank of America cut their price target on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Royal Bank of Canada raised their target price on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Finally, StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $30.38.

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.