Janus Henderson Group PLC decreased its holdings in shares of Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 28.9% in the 1st quarter, HoldingsChannel reports. The firm owned 354,433 shares of the basic materials company’s stock after selling 144,118 shares during the period. Janus Henderson Group PLC’s holdings in Alamos Gold were worth $15,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGI. Vanguard Group Inc. raised its stake in Alamos Gold by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock worth $678,291,000 after purchasing an additional 332,335 shares in the last quarter. Swiss National Bank grew its position in shares of Alamos Gold by 26.8% during the 1st quarter. Swiss National Bank now owns 1,413,236 shares of the basic materials company’s stock worth $62,782,000 after purchasing an additional 298,900 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Alamos Gold by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,679,980 shares of the basic materials company’s stock worth $74,757,000 after purchasing an additional 141,000 shares in the last quarter. DJE Kapital AG increased its holdings in shares of Alamos Gold by 66.2% during the first quarter. DJE Kapital AG now owns 296,236 shares of the basic materials company’s stock worth $12,665,000 after purchasing an additional 118,006 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Alamos Gold by 41.6% during the first quarter. The Manufacturers Life Insurance Company now owns 4,139,080 shares of the basic materials company’s stock worth $183,963,000 after purchasing an additional 1,216,977 shares during the period. 64.33% of the stock is owned by institutional investors.
Alamos Gold Stock Up 3.2%
Shares of AGI opened at $28.72 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.67 and a current ratio of 2.07. Alamos Gold Inc. has a 52 week low of $25.10 and a 52 week high of $55.41. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.36 and a beta of 0.55. The stock has a fifty day moving average of $32.65 and a 200-day moving average of $40.17.
Alamos Gold Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.16 annualized dividend and a yield of 0.6%. Alamos Gold’s dividend payout ratio (DPR) is currently 5.78%.
Analyst Ratings Changes
AGI has been the subject of a number of recent analyst reports. Royal Bank Of Canada cut their target price on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Weiss Ratings cut Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Jefferies Financial Group cut their price objective on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Finally, Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Moderate Buy” and an average price target of $47.50.
Get Our Latest Analysis on AGI
About Alamos Gold
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.
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