Barclays PLC Has $6.43 Million Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Barclays PLC boosted its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 46.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,402 shares of the basic materials company's stock after acquiring an additional 102,525 shares during the period. Barclays PLC owned about 0.08% of Alamos Gold worth $6,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AGI. Mackenzie Financial Corp grew its position in shares of Alamos Gold by 147.6% during the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock worth $119,003,000 after acquiring an additional 4,521,282 shares during the last quarter. CIBC Asset Management Inc grew its position in Alamos Gold by 79.3% in the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company's stock worth $97,336,000 after purchasing an additional 2,149,915 shares during the last quarter. FMR LLC increased its stake in shares of Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock valued at $127,027,000 after purchasing an additional 2,148,153 shares during the period. Triasima Portfolio Management inc. raised its holdings in shares of Alamos Gold by 328.2% during the second quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company's stock valued at $21,779,000 after buying an additional 1,064,629 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Alamos Gold by 31.9% during the second quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company's stock worth $68,576,000 after buying an additional 1,058,000 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Shares of AGI traded up $0.22 during midday trading on Friday, reaching $18.33. The stock had a trading volume of 3,954,162 shares, compared to its average volume of 2,364,813. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The company has a market capitalization of $7.70 billion, a P/E ratio of 30.55, a P/E/G ratio of 0.93 and a beta of 1.15. The firm's 50 day moving average price is $19.38 and its 200-day moving average price is $18.45. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The business had revenue of $360.90 million during the quarter. On average, analysts forecast that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, December 5th. Alamos Gold's dividend payout ratio is presently 16.67%.

Analyst Upgrades and Downgrades

Several analysts recently commented on AGI shares. Jefferies Financial Group raised their target price on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, October 4th. StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada raised their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $25.06.

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.