T. Rowe Price Investment Management Inc. purchased a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,411,282 shares of the basic materials company's stock, valued at approximately $37,738,000. T. Rowe Price Investment Management Inc. owned approximately 0.34% of Alamos Gold as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Alamos Gold by 1.3% in the first quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company's stock valued at $433,133,000 after purchasing an additional 214,933 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Alamos Gold by 296.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after purchasing an additional 5,516,186 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Alamos Gold by 2.0% in the fourth quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company's stock valued at $135,855,000 after purchasing an additional 145,726 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Alamos Gold by 19.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company's stock valued at $156,780,000 after purchasing an additional 957,359 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Alamos Gold by 4.9% in the first quarter. American Century Companies Inc. now owns 2,769,539 shares of the basic materials company's stock valued at $74,029,000 after purchasing an additional 129,334 shares in the last quarter. Institutional investors own 64.33% of the company's stock.
Alamos Gold Stock Performance
Shares of AGI traded up $0.56 on Friday, reaching $30.21. 585,758 shares of the company's stock traded hands, compared to its average volume of 3,422,297. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The stock has a market cap of $12.70 billion, a PE ratio of 36.39, a PEG ratio of 0.65 and a beta of 0.51. The stock's 50 day simple moving average is $26.41 and its two-hundred day simple moving average is $26.04. Alamos Gold Inc. has a 52-week low of $17.42 and a 52-week high of $31.00.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.Alamos Gold's revenue was up 31.7% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. On average, analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently weighed in on AGI shares. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. CIBC restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Stifel Nicolaus began coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $30.38.
Read Our Latest 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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