Geode Capital Management LLC Purchases 108,822 Shares of Alamos Gold Inc. (NYSE:AGI)

Geode Capital Management LLC boosted its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 36.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 408,434 shares of the basic materials company's stock after purchasing an additional 108,822 shares during the quarter. Geode Capital Management LLC owned about 0.10% of Alamos Gold worth $7,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Blue Trust Inc. grew its holdings in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after purchasing an additional 856 shares during the last quarter. R Squared Ltd bought a new stake in shares of Alamos Gold in the 4th quarter worth approximately $61,000. Daiwa Securities Group Inc. acquired a new stake in Alamos Gold during the fourth quarter valued at approximately $136,000. Finally, Guyasuta Investment Advisors Inc. boosted its holdings in Alamos Gold by 10.7% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 15,500 shares of the basic materials company's stock worth $286,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

Alamos Gold Price Performance

Shares of NYSE:AGI traded up $0.37 during trading on Wednesday, reaching $28.50. The stock had a trading volume of 3,529,274 shares, compared to its average volume of 2,550,218. The stock has a market capitalization of $11.98 billion, a PE ratio of 41.30, a P/E/G ratio of 0.40 and a beta of 1.02. Alamos Gold Inc. has a 52 week low of $14.64 and a 52 week high of $31.00. The business's 50-day moving average price is $26.15 and its 200 day moving average price is $22.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted 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). Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. During the same period last year, the business posted $0.13 earnings per share. Alamos Gold's revenue was up 20.0% on a year-over-year basis. As a group, equities analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio is presently 14.49%.

Analysts Set New Price Targets

Several research analysts have issued reports on AGI shares. Bank of America dropped their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Royal Bank of Canada lifted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.