35,934 Shares in Alamos Gold Inc. (NYSE:AGI) Acquired by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 35,934 shares of the basic materials company's stock, valued at approximately $961,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Alamos Gold by 296.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock worth $136,011,000 after purchasing an additional 5,516,186 shares in the last quarter. Norges Bank purchased a new stake in shares of Alamos Gold in the 4th quarter valued at $100,694,000. Raymond James Financial Inc. acquired a new position in Alamos Gold during the 4th quarter worth about $28,950,000. Arrowstreet Capital Limited Partnership lifted its stake in 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 worth $173,991,000 after acquiring an additional 1,424,550 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Alamos Gold by 106.1% during 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 acquiring an additional 663,381 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AGI. Royal Bank Of Canada boosted their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. 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. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Alamos Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.

Alamos Gold Stock Up 0.2%

NYSE:AGI traded up $0.07 during mid-day trading on Friday, hitting $27.04. The stock had a trading volume of 1,661,611 shares, compared to its average volume of 2,889,467. Alamos Gold Inc. has a twelve month low of $15.74 and a twelve month high of $31.00. The stock has a 50-day simple moving average of $26.39 and a two-hundred day simple moving average of $24.28. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $11.36 billion, a PE ratio of 43.60, a PEG ratio of 0.53 and a beta of 0.54.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced 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). The firm had revenue of $333.00 million during the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The company's revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. On average, equities research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.37%. The ex-dividend date was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

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.