Charles Schwab Investment Management Inc. Reduces Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Charles Schwab Investment Management Inc. reduced its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 918,428 shares of the basic materials company's stock after selling 12,755 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.22% of Alamos Gold worth $16,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AGI. Natixis Advisors LLC increased its position in Alamos Gold by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company's stock valued at $552,000 after buying an additional 531 shares in the last quarter. Veracity Capital LLC raised its position in shares of Alamos Gold by 3.2% during the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock worth $416,000 after purchasing an additional 694 shares during the period. Captrust Financial Advisors grew its position in Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company's stock valued at $375,000 after purchasing an additional 728 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 856 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in Alamos Gold by 4.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company's stock valued at $400,000 after purchasing an additional 1,000 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms have recently commented on AGI. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alamos Gold has a consensus rating of "Buy" and a consensus target price of $26.06.

Alamos Gold Stock Down 1.7 %

AGI stock traded down $0.44 during trading on Monday, reaching $25.67. The stock had a trading volume of 3,177,709 shares, compared to its average volume of 2,332,279. Alamos Gold Inc. has a one year low of $13.53 and a one year high of $26.35. The company's 50 day moving average is $22.46 and its two-hundred day moving average is $20.48. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 37.21, a P/E/G ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $375.80 million for the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.39%. Alamos Gold's payout ratio is currently 14.49%.

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.