Janus Henderson Group PLC Reduces Position in Alamos Gold Inc. (NYSE:AGI)

Janus Henderson Group PLC decreased its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 20.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 809,023 shares of the basic materials company’s stock after selling 204,842 shares during the period. Janus Henderson Group PLC’s holdings in Alamos Gold were worth $16,128,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Erste Asset Management GmbH bought a new stake in Alamos Gold in the 3rd quarter worth $653,000. Verition Fund Management LLC bought a new stake in shares of Alamos Gold in the third quarter worth about $545,000. Captrust Financial Advisors grew its stake in shares of Alamos Gold by 4.0% in 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. Capstone Investment Advisors LLC purchased a new position in Alamos Gold during the 3rd quarter valued at about $490,000. Finally, Bridgewater Associates LP raised its position in Alamos Gold by 37.0% during the 3rd quarter. Bridgewater Associates LP now owns 139,191 shares of the basic materials company’s stock valued at $2,775,000 after purchasing an additional 37,574 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AGI shares. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Scotiabank raised their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, Jefferies Financial Group increased 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $25.06.

Alamos Gold Price Performance

Shares of AGI opened at $19.06 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The stock has a market cap of $8.01 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.15. The firm’s 50-day simple moving average is $19.50 and its two-hundred day simple moving average is $18.29. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45.

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

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is 16.67%.

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.