Bridgewater Associates LP Increases Holdings in Alamos Gold Inc. (NYSE:AGI)

Bridgewater Associates LP raised its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 101.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 280,342 shares of the basic materials company's stock after buying an additional 141,151 shares during the quarter. Bridgewater Associates LP owned 0.07% of Alamos Gold worth $5,170,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after buying an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after buying an additional 856 shares during the period. R Squared Ltd acquired a new position in Alamos Gold in the fourth quarter valued at approximately $61,000. Cutler Capital Management LLC acquired a new position in Alamos Gold in the fourth quarter valued at approximately $108,000. Finally, Daiwa Securities Group Inc. acquired a new position in Alamos Gold in the fourth quarter valued at approximately $136,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AGI. Royal Bank of Canada upped their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Bank of America lowered their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Stock Down 4.7 %

Alamos Gold stock traded down $1.37 during trading on Wednesday, hitting $27.48. 3,543,231 shares of the company were exchanged, compared to its average volume of 3,209,103. The business's 50 day moving average is $25.49 and its 200 day moving average is $21.69. Alamos Gold Inc. has a 52 week low of $14.31 and a 52 week high of $31.00. The company has a market capitalization of $11.56 billion, a P/E ratio of 39.83, a PEG ratio of 0.40 and a beta of 1.02. 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 announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio is presently 14.49%.

Alamos Gold Company 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.