Alamos Gold Inc. $AGI Shares Acquired by American Century Companies Inc.

Key Points

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American Century Companies Inc. raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 4.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,769,539 shares of the basic materials company's stock after purchasing an additional 129,334 shares during the period. American Century Companies Inc. owned 0.66% of Alamos Gold worth $74,029,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Murphy Pohlad Asset Management LLC increased its position in Alamos Gold by 0.3% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock valued at $4,269,000 after purchasing an additional 500 shares during the period. Baird Financial Group Inc. increased its position in Alamos Gold by 0.3% during the 4th quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock valued at $3,349,000 after purchasing an additional 614 shares during the period. Cheviot Value Management LLC increased its position in Alamos Gold by 1.2% during the 1st quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company's stock valued at $1,346,000 after purchasing an additional 635 shares during the period. SBI Securities Co. Ltd. increased its position in Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 660 shares during the period. Finally, NewEdge Advisors LLC increased its position in Alamos Gold by 1.2% during the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock valued at $1,342,000 after purchasing an additional 854 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Performance

NYSE:AGI traded up $0.6030 during trading hours on Friday, hitting $28.3830. 3,519,213 shares of the company were exchanged, compared to its average volume of 3,449,993. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 0.61 and a beta of 0.51. Alamos Gold Inc. has a 52-week low of $17.42 and a 52-week high of $31.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. The company's 50 day moving average price is $26.21 and its 200-day moving average price is $25.85.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $438.20 million for the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. Alamos Gold's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. As a group, research analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently announced 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. This represents a $0.10 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's payout ratio is currently 12.05%.

Wall Street Analyst Weigh In

AGI has been the topic of a number of analyst reports. National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating on the stock. Finally, CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Company 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.