Marshall Wace LLP increased its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 325.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,229 shares of the basic materials company's stock after buying an additional 74,362 shares during the quarter. Marshall Wace LLP's holdings in Alamos Gold were worth $1,793,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after buying an additional 2,867,027 shares during the period. Canoe Financial LP purchased a new position in Alamos Gold during the 4th quarter worth $4,066,000. Geode Capital Management LLC grew its position in Alamos Gold by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock worth $6,224,000 after purchasing an additional 29,933 shares in the last quarter. Addenda Capital Inc. purchased a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $34,869,000. Finally, Vanguard Group Inc. increased its position in shares of Alamos Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock valued at $295,105,000 after purchasing an additional 279,280 shares during the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently commented on AGI shares. StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Bank of America dropped their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $30.38.
Get Our Latest Stock Analysis on AGI
Alamos Gold Stock Performance
Shares of NYSE:AGI traded down $1.01 during mid-day trading on Friday, reaching $24.72. 2,086,613 shares of the company traded hands, compared to its average volume of 3,308,990. The firm has a market cap of $10.40 billion, a PE ratio of 35.83, a PEG ratio of 0.40 and a beta of 1.02. Alamos Gold Inc. has a 52 week low of $14.80 and a 52 week high of $31.00. The company's 50 day moving average price is $26.21 and its 200-day moving average price is $22.08. 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 (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. During the same period last year, the firm posted $0.13 earnings per share. The company's revenue for the quarter was up 20.0% compared to the same quarter last year. On average, equities analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.40%. Alamos Gold's payout ratio is 16.13%.
About Alamos Gold
(
Free Report)
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.
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