TD Asset Management Inc Has $68.29 Million Holdings in Alamos Gold Inc. (NYSE:AGI)

Key Points

• TD Asset Management Inc has increased its stake in Alamos Gold, acquiring 240,654 additional shares, bringing its ownership to 2,556,335 shares, valued at approximately $68.3 million.
• A consensus rating of "Buy" has been assigned to Alamos Gold, with a target price of $30.38 according to data from MarketBeat.com.
• Alamos Gold recently announced a quarterly dividend of $0.025 per share, resulting in an annual yield of 0.39% and a payout ratio of 16.13%.

TD Asset Management Inc raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,556,335 shares of the basic materials company's stock after purchasing an additional 240,654 shares during the period. TD Asset Management Inc owned about 0.61% of Alamos Gold worth $68,293,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in shares of 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 valued at $136,011,000 after acquiring an additional 5,516,186 shares during the period. Norges Bank acquired a new position in shares of Alamos Gold during the fourth quarter valued at $100,694,000. Raymond James Financial Inc. acquired a new position in shares of Alamos Gold during the fourth quarter valued at $28,950,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Alamos Gold by 17.8% during the fourth 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 period. Finally, Two Sigma Investments LP boosted its holdings in shares of Alamos Gold by 106.1% during the fourth 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 own 64.33% of the company's stock.

Alamos Gold Price Performance

NYSE AGI traded down $1.03 on Thursday, reaching $24.34. The company's stock had a trading volume of 4,165,367 shares, compared to its average volume of 3,464,460. Alamos Gold Inc. has a twelve month low of $15.74 and a twelve month high of $31.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.94 and a current ratio of 1.49. The stock has a market cap of $10.23 billion, a PE ratio of 39.23, a PEG ratio of 0.56 and a beta of 0.54. The firm's 50 day moving average is $26.39 and its two-hundred day moving average is $25.16.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. 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 prior year, the company earned $0.24 EPS. Alamos Gold's revenue was up 31.7% on a year-over-year basis. As a group, sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The firm 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. This represents a $0.10 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's payout ratio is 16.13%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AGI shares. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Stifel Nicolaus started coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating for the company. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Finally, Bank of America reduced their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $30.38.

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.