Dimensional Fund Advisors LP Acquires 5,516,186 Shares of Alamos Gold Inc. (NYSE:AGI)

Dimensional Fund Advisors LP increased its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 296.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,375,892 shares of the basic materials company's stock after acquiring an additional 5,516,186 shares during the quarter. Dimensional Fund Advisors LP owned about 1.75% of Alamos Gold worth $136,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Alamos Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after acquiring an additional 279,280 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Alamos Gold by 17.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock worth $173,991,000 after acquiring an additional 1,424,550 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after acquiring an additional 2,867,027 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Alamos Gold by 4.4% in the 4th quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company's stock worth $138,932,000 after acquiring an additional 318,360 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Alamos Gold by 1.9% in the 4th quarter. FMR LLC now owns 6,497,058 shares of the basic materials company's stock worth $119,864,000 after acquiring an additional 122,515 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Alamos Gold Stock Performance

Shares of AGI traded down $0.31 on Tuesday, reaching $28.12. The company's stock had a trading volume of 2,452,814 shares, compared to its average volume of 2,544,691. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The stock has a market capitalization of $11.82 billion, a P/E ratio of 40.75, a PEG ratio of 0.40 and a beta of 1.02. The stock's 50 day simple moving average is $25.94 and its two-hundred day simple moving average is $21.95. Alamos Gold Inc. has a 12-month low of $14.64 and a 12-month high of $31.00.

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

Alamos Gold Dividend Announcement

The business also recently disclosed 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 was Thursday, March 13th. Alamos Gold's payout ratio is currently 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.