Mackenzie Financial Corp Has $40.53 Million Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Mackenzie Financial Corp increased its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,011,874 shares of the basic materials company's stock after purchasing an additional 258,688 shares during the quarter. Mackenzie Financial Corp owned approximately 0.76% of Alamos Gold worth $40,525,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its stake in Alamos Gold by 5.1% in the first quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company's stock valued at $239,000 after acquiring an additional 1,432 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Alamos Gold by 56.4% in the first quarter. JPMorgan Chase & Co. now owns 535,028 shares of the basic materials company's stock valued at $4,505,000 after acquiring an additional 192,939 shares during the last quarter. Raymond James & Associates lifted its stake in Alamos Gold by 24.1% in the first quarter. Raymond James & Associates now owns 300,000 shares of the basic materials company's stock valued at $2,526,000 after acquiring an additional 58,298 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Alamos Gold in the first quarter valued at approximately $101,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Alamos Gold by 9.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 61,429 shares of the basic materials company's stock valued at $517,000 after acquiring an additional 5,434 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on AGI shares. Bank of America raised shares of Alamos Gold from a "neutral" rating to a "buy" rating and lifted their price target for the company from $21.75 to $27.25 in a research report on Tuesday, April 9th. Royal Bank of Canada raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $12.00 to $16.00 in a research report on Thursday, January 11th. National Bank Financial reissued an "outperform overweight" rating on shares of Alamos Gold in a research report on Monday, April 8th. StockNews.com raised shares of Alamos Gold from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Jefferies Financial Group started coverage on shares of Alamos Gold in a research report on Thursday, February 29th. They issued a "buy" rating and a $14.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.95.

Alamos Gold Price Performance

AGI stock traded up $0.06 on Wednesday, reaching $14.94. 2,083,965 shares of the company were exchanged, compared to its average volume of 2,586,722. Alamos Gold Inc. has a 12 month low of $10.78 and a 12 month high of $16.01. The stock's fifty day moving average price is $13.27 and its 200 day moving average price is $13.06. The firm has a market capitalization of $5.94 billion, a PE ratio of 28.09, a PEG ratio of 3.69 and a beta of 1.15.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. The business had revenue of $254.60 million for the quarter, compared to analyst estimates of $257.47 million. Alamos Gold had a net margin of 20.52% and a return on equity of 7.30%. Alamos Gold's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, research analysts expect that Alamos Gold Inc. will post 0.66 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.67%. The ex-dividend date was Wednesday, March 13th. Alamos Gold's dividend payout ratio (DPR) is presently 18.87%.

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.