Financial Counselors Inc. Buys Shares of 12,250 Alamos Gold Inc. (NYSE:AGI)

Financial Counselors Inc. bought a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,250 shares of the basic materials company's stock, valued at approximately $328,000.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Alamos Gold by 296.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after buying an additional 5,516,186 shares in the last quarter. Norges Bank acquired a new stake in Alamos Gold during the 4th quarter worth $100,694,000. Raymond James Financial Inc. acquired a new stake in Alamos Gold during the 4th quarter worth $28,950,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Alamos Gold by 17.8% during the 4th 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 last quarter. Finally, Two Sigma Investments LP raised its holdings in Alamos Gold by 106.1% in the 4th quarter. Two Sigma Investments LP now owns 1,288,696 shares of the basic materials company's stock valued at $23,764,000 after buying an additional 663,381 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 $0.49 during trading on Friday, hitting $26.60. The company's stock had a trading volume of 3,268,598 shares, compared to its average volume of 2,926,213. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average price of $26.34 and a 200 day moving average price of $24.53. The firm has a market cap of $11.18 billion, a P/E ratio of 42.90, a price-to-earnings-growth ratio of 0.55 and a beta of 0.54. Alamos Gold Inc. has a 52 week low of $15.74 and a 52 week high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The business had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. During the same period in the prior year, the firm posted $0.13 EPS. Alamos Gold's revenue for the quarter was up 20.0% compared to the same quarter last year. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders 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 dividend yield of 0.38%. Alamos Gold's dividend payout ratio is currently 16.13%.

Analyst Ratings Changes

A number of equities analysts have recently commented on AGI shares. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Bank of America cut their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus initiated coverage on Alamos Gold in a research report on Wednesday. They set a "buy" rating for the company. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Royal Bank Of Canada lifted their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price 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.