Alamos Gold Inc. (NYSE:AGI) Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lowered its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,668,618 shares of the basic materials company’s stock after selling 303,160 shares during the period. Beutel Goodman & Co Ltd.’s holdings in Alamos Gold were worth $67,648,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AGI. Natixis Advisors LLC lifted its holdings in Alamos Gold by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after buying an additional 531 shares during the last quarter. Veracity Capital LLC raised its position in shares of Alamos Gold by 3.2% during the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock worth $416,000 after acquiring an additional 694 shares in the last quarter. Captrust Financial Advisors lifted its stake in Alamos Gold by 4.0% during the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 728 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 856 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Alamos Gold by 4.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Down 0.5 %

Shares of Alamos Gold stock opened at $26.57 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The company has a market capitalization of $11.17 billion, a P/E ratio of 38.50, a PEG ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 1 year low of $14.31 and a 1 year high of $27.25. The company’s fifty day moving average is $23.13 and its two-hundred day moving average is $20.72.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s dividend payout ratio is presently 14.49%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Royal Bank of Canada raised their price objective 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. Finally, StockNews.com downgraded Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.