Hsbc Holdings PLC Has $380,000 Stake in Alamos Gold Inc. (NYSE:AGI)

Hsbc Holdings PLC grew its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 99.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,698 shares of the basic materials company's stock after purchasing an additional 10,300 shares during the period. Hsbc Holdings PLC's holdings in Alamos Gold were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Alamos Gold by 296.6% in the 4th 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 Alamos Gold in the 4th quarter worth about $100,694,000. CIBC Asset Management Inc increased its stake in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after purchasing an additional 2,867,027 shares in the last quarter. Addenda Capital Inc. acquired a new stake in Alamos Gold during the 4th quarter worth $34,869,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Alamos Gold in the fourth quarter valued at approximately $28,950,000. Institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Performance

Shares of AGI stock traded down $0.11 on Tuesday, hitting $24.77. 3,267,102 shares of the stock traded hands, compared to its average volume of 2,674,799. The company has a market capitalization of $10.42 billion, a PE ratio of 35.90, a PEG ratio of 0.40 and a beta of 0.60. The company's fifty day moving average is $26.62 and its 200 day moving average is $22.37. 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 Inc. has a 1-year low of $15.01 and a 1-year high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued 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). The company had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Alamos Gold's quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 earnings per share. On average, equities research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.025 per share. 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 0.40%. Alamos Gold's dividend payout ratio is presently 16.13%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AGI. StockNews.com downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Bank of America decreased their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Scotiabank restated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Alamos Gold has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.

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.