JPMorgan Chase & Co. Has $31.87 Million Stock Position in Alamos Gold Inc. (NYSE:AGI)

JPMorgan Chase & Co. cut its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 1,598,072 shares of the basic materials company’s stock after selling 26,802 shares during the quarter. JPMorgan Chase & Co.’s holdings in Alamos Gold were worth $31,866,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AGI. Hara Capital LLC bought a new stake in shares of Alamos Gold during the third quarter worth approximately $47,000. Daiwa Securities Group Inc. acquired a new stake in Alamos Gold during the 2nd quarter worth $48,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold during the 2nd quarter valued at $88,000. Eastern Bank bought a new stake in shares of Alamos Gold during the 3rd quarter valued at $111,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Alamos Gold in the 3rd quarter valued at $147,000. Institutional investors own 64.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AGI. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group boosted their target price on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada increased their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alamos Gold has an average rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Stock Down 2.5 %

NYSE:AGI opened at $18.69 on Tuesday. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 0.93 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $18.97 and a two-hundred day moving average price of $18.67. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $360.90 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. As a group, equities analysts expect that Alamos Gold Inc. will post 0.77 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio is 16.67%.

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.