Mackenzie Financial Corp Raises Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Mackenzie Financial Corp grew its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,371,629 shares of the basic materials company's stock after acquiring an additional 145,726 shares during the quarter. Mackenzie Financial Corp owned 1.75% of Alamos Gold worth $135,855,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AGI. Barclays PLC raised its position in Alamos Gold by 46.6% in the 3rd quarter. Barclays PLC now owns 322,402 shares of the basic materials company's stock worth $6,428,000 after purchasing an additional 102,525 shares during the period. Blue Trust Inc. grew its holdings in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after acquiring an additional 1,157 shares during the last quarter. Accordant Advisory Group Inc bought a new stake in Alamos Gold in the 4th quarter worth $699,000. R Squared Ltd bought a new stake in Alamos Gold in the 4th quarter worth $61,000. Finally, Murphy Pohlad Asset Management LLC grew its holdings in Alamos Gold by 6.9% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 159,150 shares of the basic materials company's stock worth $2,935,000 after acquiring an additional 10,290 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Up 0.0%

NYSE:AGI traded up $0.01 during mid-day trading on Wednesday, hitting $25.74. 2,114,794 shares of the company's stock were exchanged, compared to its average volume of 2,720,352. Alamos Gold Inc. has a one year low of $15.01 and a one year high of $31.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The business has a fifty day moving average price of $26.71 and a 200 day moving average price of $22.74. The company has a market cap of $10.83 billion, a PE ratio of 37.30, a P/E/G ratio of 0.40 and a beta of 0.60.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its 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). The firm had revenue of $333.00 million during the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm's quarterly revenue was up 20.0% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. Equities analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. Alamos Gold's payout ratio is 16.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AGI. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Bank of America cut their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate 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.