First Trust Advisors LP Has $3.69 Million Stock Position in Alamos Gold Inc. (NYSE:AGI)

First Trust Advisors LP lowered its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,004 shares of the basic materials company's stock after selling 30,905 shares during the period. First Trust Advisors LP's holdings in Alamos Gold were worth $3,689,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. increased its stake in shares of Alamos Gold by 13.4% in the fourth quarter. Epoch Investment Partners Inc. now owns 206,983 shares of the basic materials company's stock worth $3,817,000 after acquiring an additional 24,503 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Alamos Gold by 41.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,306,764 shares of the basic materials company's stock valued at $24,078,000 after acquiring an additional 385,576 shares during the period. Marshall Wace LLP raised its stake in shares of Alamos Gold by 325.2% in the fourth quarter. Marshall Wace LLP now owns 97,229 shares of the basic materials company's stock valued at $1,793,000 after acquiring an additional 74,362 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Alamos Gold by 1.2% during the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock valued at $1,342,000 after acquiring an additional 854 shares during the last quarter. Finally, Bridgewater Associates LP boosted its stake in Alamos Gold by 101.4% during the 4th quarter. Bridgewater Associates LP now owns 280,342 shares of the basic materials company's stock worth $5,170,000 after acquiring an additional 141,151 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AGI. Royal Bank of Canada boosted their target price on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. StockNews.com downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday. 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 research note on Tuesday, April 8th. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.38.

Alamos Gold Price Performance

NYSE AGI traded down $0.60 on Thursday, hitting $26.54. 612,606 shares of the company's stock were exchanged, compared to its average volume of 2,639,826. The stock has a 50-day moving average of $26.46 and a 200-day moving average of $22.24. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 38.46, a P/E/G ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 52 week low of $15.01 and a 52 week high of $31.00. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The business had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business's revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. Analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

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.