Vanguard Group Inc. Grows Stock Position in Alamos Gold Inc. (NYSE:AGI)

Vanguard Group Inc. boosted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,995,738 shares of the basic materials company’s stock after buying an additional 279,280 shares during the quarter. Vanguard Group Inc. owned approximately 3.81% of Alamos Gold worth $295,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Veracity Capital LLC grew 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 valued at $416,000 after acquiring an additional 694 shares during the period. Captrust Financial Advisors increased its position in 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 buying an additional 728 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Alamos Gold by 51.8% in 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 buying an additional 856 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of Alamos Gold by 4.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock valued at $400,000 after buying an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,157 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Down 8.7 %

AGI opened at $24.54 on Friday. Alamos Gold Inc. has a 52 week low of $14.31 and a 52 week high of $27.32. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $23.76 and a two-hundred day simple moving average of $20.95. The company has a market capitalization of $10.32 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.

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

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s dividend payout ratio is 14.49%.

Analysts Set New Price Targets

A number of equities research analysts have commented on AGI shares. StockNews.com downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Royal Bank of Canada increased their price target on Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $26.81.

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.