Vanguard Group Inc. Has $678.29 Million Stock Holdings in Alamos Gold Inc. $AGI

Key Points

• Vanguard Group increased its stake in Alamos Gold by 1.9% in Q4, buying an additional 332,335 shares to hold 17,565,941 shares (about 4.18% of the company) valued at approximately $678.29 million.
• Alamos reported strong year-over-year results (quarterly EPS $0.54 vs $0.14 a year ago and revenue of $596.7M, up 79.2% YoY) and carries an average analyst rating of Buy with a mean price target of $50.67.
• The company raised its quarterly dividend to $0.04 (annualized $0.16), implying a yield of about 0.4% and a low payout ratio (~6.37%).

Vanguard Group Inc. lifted its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,565,941 shares of the basic materials company's stock after purchasing an additional 332,335 shares during the quarter. Vanguard Group Inc. owned 4.18% of Alamos Gold worth $678,291,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Sheets Smith Wealth Management lifted its position in Alamos Gold by 1.3% during the fourth quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company's stock worth $775,000 after purchasing an additional 258 shares during the period. Private Advisor Group LLC increased its holdings in Alamos Gold by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company's stock valued at $340,000 after buying an additional 300 shares during the period. Legacy Capital Group California Inc. increased its holdings in Alamos Gold by 2.9% in the 4th quarter. Legacy Capital Group California Inc. now owns 11,936 shares of the basic materials company's stock valued at $460,000 after buying an additional 337 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Alamos Gold by 4.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 9,232 shares of the basic materials company's stock valued at $322,000 after buying an additional 400 shares in the last quarter. Finally, Petra Financial Advisors Inc. raised its position in shares of Alamos Gold by 1.9% in the 4th quarter. Petra Financial Advisors Inc. now owns 22,635 shares of the basic materials company's stock valued at $873,000 after buying an additional 425 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AGI shares. Weiss Ratings cut shares of Alamos Gold from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday. Scotiabank upped their target price on Alamos Gold from $55.00 to $60.00 and gave the stock a "sector outperform" rating in a research note on Friday, February 6th. Wall Street Zen downgraded Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 1st. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $50.67.

Alamos Gold Trading Down 0.0%

Shares of AGI stock opened at $39.42 on Monday. The stock's fifty day moving average price is $46.45 and its two-hundred day moving average price is $40.76. The company has a market cap of $16.55 billion, a PE ratio of 15.70, a P/E/G ratio of 0.51 and a beta of 0.50. Alamos Gold Inc. has a fifty-two week low of $23.75 and a fifty-two week high of $55.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, meeting analysts' consensus estimates of $0.54. The firm had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a return on equity of 18.61% and a net margin of 51.24%.The company's revenue was up 79.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. Equities analysts predict that Alamos Gold Inc. will post 2.45 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Alamos Gold's previous quarterly dividend of $0.03. Alamos Gold's dividend payout ratio (DPR) is 6.37%.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.