Allspring Global Investments Holdings LLC Boosts Stock Position in Alamos Gold Inc. (NYSE:AGI)

Allspring Global Investments Holdings LLC increased its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 6.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,085,880 shares of the basic materials company's stock after acquiring an additional 68,500 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.26% of Alamos Gold worth $29,018,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Alamos Gold by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock valued at $295,105,000 after acquiring an additional 279,280 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Alamos Gold by 17.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock valued at $173,991,000 after acquiring an additional 1,424,550 shares during the period. Renaissance Technologies LLC boosted its position in shares of Alamos Gold by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company's stock valued at $138,932,000 after acquiring an additional 318,360 shares during the period. Dimensional Fund Advisors LP raised its stake in 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. Finally, Mackenzie Financial Corp lifted its position in Alamos Gold by 2.0% during 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 during the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Up 0.2%

NYSE AGI traded up $0.07 during trading on Friday, hitting $27.04. 1,661,611 shares of the company's stock traded hands, compared to its average volume of 2,885,633. The stock has a fifty day moving average of $26.39 and a two-hundred day moving average of $24.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. Alamos Gold Inc. has a 12-month low of $15.74 and a 12-month high of $31.00. The firm has a market cap of $11.36 billion, a P/E ratio of 43.60, a PEG ratio of 0.53 and a beta of 0.54.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly 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 net margin of 18.36% and a return on equity of 9.83%. The business had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The business's quarterly revenue was up 20.0% on a year-over-year basis. As a group, sell-side analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, June 12th. This represents a $0.10 annualized dividend and a yield of 0.37%. Alamos Gold's payout ratio is 16.13%.

Analyst Ratings Changes

AGI has been the topic of several research reports. Royal Bank Of Canada raised their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Bank of America cut their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.38.

Alamos Gold Profile

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.