Alamos Gold Inc. (NYSE:AGI) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 19.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,640,205 shares of the basic materials company’s stock after selling 644,458 shares during the period. American Century Companies Inc.’s holdings in Alamos Gold were worth $48,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its stake in shares of Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. FMR LLC grew its position in Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after buying an additional 2,148,153 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Alamos Gold by 1.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock valued at $41,205,000 after buying an additional 38,913 shares during the period. Addenda Capital Inc. purchased a new position in Alamos Gold during the 4th quarter worth $34,869,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Alamos Gold by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company’s stock worth $34,655,000 after acquiring an additional 61,700 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Trading Down 1.5 %

Shares of AGI opened at $25.82 on Thursday. Alamos Gold Inc. has a twelve month low of $13.64 and a twelve month high of $26.50. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $10.85 billion, a P/E ratio of 37.41, a PEG ratio of 0.40 and a beta of 1.15. The firm’s 50-day moving average is $22.85 and its two-hundred day moving average is $20.62.

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

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Analyst Ratings Changes

Several research firms recently issued reports on AGI. Royal Bank of Canada increased their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $26.06.

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.