Charles Schwab Investment Management Inc. Has $23.56 Million Position in Alamos Gold Inc. $AGI

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Alamos Gold Inc. by 4.0%, owning approximately 882,001 shares valued at $23.56 million as of the latest SEC filing.
• Several institutional investors significantly increased their stakes in Alamos Gold during the 4th quarter, including Marshall Wace LLP, which raised its holdings by 325.2%.
• Alamos Gold's recent quarterly earnings reported an EPS of $0.34, beating analyst expectations and marking a 31.7% increase in revenue year-over-year.

Charles Schwab Investment Management Inc. lowered its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 4.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 882,001 shares of the basic materials company's stock after selling 36,427 shares during the period. Charles Schwab Investment Management Inc. owned 0.21% of Alamos Gold worth $23,563,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AGI. Wealth Enhancement Advisory Services LLC bought a new position in shares of Alamos Gold in the first quarter valued at approximately $320,000. Brown Advisory Inc. boosted its holdings in shares of Alamos Gold by 9.3% in the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock valued at $315,000 after acquiring an additional 1,000 shares in the last quarter. LBP AM SA bought a new position in shares of Alamos Gold in the first quarter valued at approximately $1,155,000. Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Alamos Gold by 2.3% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,223,257 shares of the basic materials company's stock valued at $31,915,000 after acquiring an additional 27,032 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Alamos Gold by 5.3% in the fourth quarter. Deutsche Bank AG now owns 171,943 shares of the basic materials company's stock valued at $3,171,000 after acquiring an additional 8,681 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

Analyst Ratings Changes

AGI has been the subject of several research reports. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They set a "buy" rating for the company. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, CIBC restated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $30.38.

Alamos Gold Trading Up 3.2%

AGI stock traded up $0.90 during mid-day trading on Tuesday, reaching $29.29. 3,112,817 shares of the stock traded hands, compared to its average volume of 3,467,845. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 52-week low of $17.42 and a 52-week high of $31.00. The company has a market cap of $12.31 billion, a P/E ratio of 35.29, a P/E/G ratio of 0.62 and a beta of 0.51. The stock's fifty day moving average is $26.29 and its 200-day moving average is $25.96.

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

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold's dividend payout ratio (DPR) is currently 12.05%.

About Alamos Gold

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.