Invesco Ltd. Sells 9,627 Shares of Alamos Gold Inc. (NYSE:AGI)

Invesco Ltd. lowered its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,626,918 shares of the basic materials company’s stock after selling 9,627 shares during the period. Invesco Ltd. owned about 0.62% of Alamos Gold worth $48,440,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AGI. Cerity Partners LLC boosted its stake in shares of Alamos Gold by 9.7% in the fourth quarter. Cerity Partners LLC now owns 25,429 shares of the basic materials company’s stock worth $487,000 after acquiring an additional 2,256 shares during the period. FMR LLC boosted its stake in Alamos Gold by 1.9% in the 4th quarter. FMR LLC now owns 6,497,058 shares of the basic materials company’s stock worth $119,864,000 after purchasing an additional 122,515 shares during the period. Russell Investments Group Ltd. grew its holdings in Alamos Gold by 94.4% during the 4th quarter. Russell Investments Group Ltd. now owns 141,090 shares of the basic materials company’s stock valued at $2,602,000 after buying an additional 68,519 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Alamos Gold by 36.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 86,836 shares of the basic materials company’s stock valued at $1,601,000 after buying an additional 23,187 shares during the last quarter. Finally, Old West Investment Management LLC lifted its holdings in shares of Alamos Gold by 43.5% in the fourth quarter. Old West Investment Management LLC now owns 697,165 shares of the basic materials company’s stock worth $12,856,000 after buying an additional 211,273 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Up 1.0 %

AGI opened at $29.68 on Wednesday. The stock has a 50-day moving average of $24.80 and a 200 day moving average of $21.35. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12 month low of $14.31 and a 12 month high of $30.01. The firm has a market cap of $12.48 billion, a P/E ratio of 43.02, a P/E/G ratio of 0.40 and a beta of 1.02.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its 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. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. As a group, research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is 14.49%.

Analysts Set New Price Targets

AGI has been the subject of several research analyst reports. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Royal Bank of Canada lifted their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Tuesday. Bank of America reduced their price objective on Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Finally, Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Monday. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $30.38.

About Alamos Gold

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.