Vanguard Group Inc. Boosts Holdings in Alamos Gold Inc. (NYSE:AGI)

Key Points

• Vanguard Group Inc. increased its stake in Alamos Gold Inc. by 1.3%, owning a total of 16,210,671 shares, valued at approximately $433.1 million.
• Alamos Gold reported an earnings per share of $0.34 for the quarter, surpassing estimates and achieving a revenue of $438.2 million—a 31.7% increase year-over-year.
• The company recently announced a quarterly dividend of $0.025, indicating a 0.4% yield and a payout ratio of 12.05%.

Vanguard Group Inc. increased its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,210,671 shares of the basic materials company's stock after buying an additional 214,933 shares during the quarter. Vanguard Group Inc. owned 3.85% of Alamos Gold worth $433,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AGI. Sunbelt Securities Inc. purchased a new position in shares of Alamos Gold in the first quarter worth approximately $41,000. SBI Securities Co. Ltd. boosted its holdings in shares of Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after buying an additional 660 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Alamos Gold in the first quarter worth approximately $68,000. Coppell Advisory Solutions LLC boosted its holdings in shares of Alamos Gold by 14.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock worth $181,000 after buying an additional 1,260 shares during the last quarter. Finally, NBT Bank N A NY purchased a new position in shares of Alamos Gold in the first quarter worth approximately $190,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Up 2.2%

Alamos Gold stock opened at $25.96 on Friday. The stock has a market cap of $10.91 billion, a P/E ratio of 31.28, a PEG ratio of 0.56 and a beta of 0.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. Alamos Gold Inc. has a 1 year low of $17.42 and a 1 year high of $31.00. The firm's 50 day moving average price is $26.24 and its 200-day moving average price is $25.65.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $438.20 million for the quarter, compared to analysts' expectations of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. On average, equities analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

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. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.4%. Alamos Gold's dividend payout ratio (DPR) is 12.05%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AGI. Stifel Nicolaus began coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Finally, CIBC restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average 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.

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