Dimensional Fund Advisors LP increased its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 296.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,375,892 shares of the basic materials company's stock after acquiring an additional 5,516,186 shares during the period. Dimensional Fund Advisors LP owned about 1.75% of Alamos Gold worth $136,011,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Alamos Gold by 51.8% during the 4th 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 in the last quarter. R Squared Ltd acquired a new stake in shares of Alamos Gold during the 4th quarter valued at about $61,000. Cutler Capital Management LLC acquired a new position in Alamos Gold in the fourth quarter worth approximately $108,000. Finally, Daiwa Securities Group Inc. bought a new position in Alamos Gold during the fourth quarter valued at approximately $136,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.
Alamos Gold Price Performance
Shares of NYSE AGI traded down $3.31 during midday trading on Thursday, reaching $25.21. 6,484,784 shares of the company traded hands, compared to its average volume of 2,567,594. Alamos Gold Inc. has a 12 month low of $14.64 and a 12 month high of $31.00. 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 stock's 50-day simple moving average is $26.15 and its 200-day simple moving average is $22.03. The firm has a market cap of $10.60 billion, a PE ratio of 36.44, a PEG ratio of 0.40 and a beta of 1.02.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $324.98 million. During the same quarter last year, the business earned $0.13 EPS. The company's revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, equities analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
Alamos Gold Dividend Announcement
The business 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. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio is presently 14.49%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on AGI shares. Bank of America reduced their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Royal Bank of Canada upped their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Alamos Gold presently has an average rating of "Buy" and an average target price of $30.38.
Get Our Latest Research Report on AGI
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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