Alamos Gold Inc. $AGI Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 20.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,980,687 shares of the basic materials company’s stock after selling 500,762 shares during the period. American Century Companies Inc. owned about 0.47% of Alamos Gold worth $69,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in shares of Alamos Gold by 105.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after acquiring an additional 1,227,695 shares during the last quarter. Empowered Funds LLC purchased a new stake in Alamos Gold in the 1st quarter valued at $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Alamos Gold by 129.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock worth $27,111,000 after purchasing an additional 571,536 shares during the period. Bessemer Group Inc. purchased a new position in Alamos Gold during the 2nd quarter worth $90,000. Finally, Sigma Planning Corp increased its stake in Alamos Gold by 19.5% in the second quarter. Sigma Planning Corp now owns 39,540 shares of the basic materials company’s stock valued at $1,050,000 after purchasing an additional 6,456 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Down 0.5%

Alamos Gold stock opened at $51.97 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.00. The firm has a market capitalization of $21.82 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 0.72 and a beta of 0.55. Alamos Gold Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $55.41. The stock’s fifty day moving average is $43.22 and its two-hundred day moving average is $36.87.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The company had revenue of $575.30 million during the quarter, compared to analysts’ expectations of $596.18 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The firm’s quarterly revenue was up 53.1% compared to the same quarter last year. Analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.3%. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, March 12th. Alamos Gold’s dividend payout ratio (DPR) is currently 4.76%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AGI shares. Wall Street Zen downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Jefferies Financial Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Alamos Gold in a report on Sunday, December 7th. Scotiabank boosted their price objective on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Desjardins initiated coverage on shares of Alamos Gold in a research report on Friday, November 28th. They set a “buy” rating for the company. Finally, Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $45.50.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.