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

American Century Companies Inc. reduced its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 19.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,640,205 shares of the basic materials company’s stock after selling 644,458 shares during the period. American Century Companies Inc. owned approximately 0.63% of Alamos Gold worth $48,698,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AGI. CIBC Asset Management Inc raised its position in 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 in the last quarter. FMR LLC raised its holdings in Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after acquiring an additional 2,148,153 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Alamos Gold by 1.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock worth $41,205,000 after acquiring an additional 38,913 shares during the last quarter. Addenda Capital Inc. acquired a new position in Alamos Gold during the 4th quarter worth approximately $34,869,000. Finally, Principal Financial Group Inc. increased its position 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 valued at $34,655,000 after purchasing an additional 61,700 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AGI has been the subject of a number of analyst reports. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Royal Bank of Canada lifted their price target on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $25.82 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold Inc. has a 12 month low of $13.64 and a 12 month high of $26.50. The firm has a market capitalization of $10.85 billion, a P/E ratio of 37.41, a P/E/G ratio of 0.40 and a beta of 1.15. The company’s fifty day moving average price is $22.85 and its 200 day moving average price is $20.62.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

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.