Alamos Gold Inc. $AGI Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in Alamos Gold Inc. by 15.5%, owning 6,233,086 shares valued at $166,672,000 after selling 1,142,806 shares in the first quarter.
• Several institutional investors, including Sunbelt Securities Inc. and SBI Securities Co. Ltd., adjusted their holdings in Alamos Gold, contributing to a total institutional ownership of 64.33% of the company's stock.
• Alamos Gold reported a quarterly earnings per share (EPS) of $0.34, exceeding the consensus estimate of $0.33, along with a 31.7% year-over-year revenue increase to $438.20 million.

Dimensional Fund Advisors LP lessened its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 15.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,233,086 shares of the basic materials company's stock after selling 1,142,806 shares during the period. Dimensional Fund Advisors LP owned 1.48% of Alamos Gold worth $166,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new stake in shares of Alamos Gold during the first quarter worth about $41,000. SBI Securities Co. Ltd. grew its stake in shares of Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after acquiring an additional 660 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Alamos Gold during the first quarter worth about $68,000. NBT Bank N A NY purchased a new stake in shares of Alamos Gold during the first quarter worth about $190,000. Finally, Continuum Advisory LLC grew its stake in shares of Alamos Gold by 808.9% during the first quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock worth $220,000 after acquiring an additional 7,329 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AGI shares. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Stifel Nicolaus started coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, CIBC reiterated 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 given a Buy rating and one has given a Hold rating to the 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 Stock Performance

NYSE AGI traded up $0.6030 during trading hours on Friday, reaching $28.3830. The stock had a trading volume of 3,519,213 shares, compared to its average volume of 3,449,993. The stock has a fifty day moving average of $26.21 and a 200 day moving average of $25.87. The stock has a market cap of $11.93 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 0.62 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 quick ratio of 1.00 and a current ratio of 1.49.

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

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were issued 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 yield of 0.4%. Alamos Gold's payout ratio is presently 12.05%.

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.