Fmr LLC Has $127.03 Million Stake in Alamos Gold Inc. (NYSE:AGI)

FMR LLC grew its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 50.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,374,543 shares of the basic materials company's stock after buying an additional 2,148,153 shares during the period. FMR LLC owned 1.52% of Alamos Gold worth $127,027,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mackenzie Financial Corp grew its stake 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 purchasing an additional 4,521,282 shares during the period. CIBC Asset Management Inc grew its stake in shares of Alamos Gold by 79.3% during the third 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 period. Triasima Portfolio Management inc. grew its stake 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 worth $21,779,000 after purchasing an additional 1,064,629 shares during the period. Bank of New York Mellon Corp grew its stake 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 purchasing an additional 1,058,000 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Alamos Gold during the second quarter worth $15,921,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Up 1.0 %

Shares of Alamos Gold stock traded up $0.20 during trading on Wednesday, reaching $19.56. The stock had a trading volume of 1,492,813 shares, compared to its average volume of 2,357,849. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 0.74 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $19.54 and a two-hundred day moving average price of $18.27.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter. Sell-side analysts predict that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.51%. The ex-dividend date is Thursday, December 5th. Alamos Gold's payout ratio is presently 16.67%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AGI shares. StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. National Bank Financial upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday. Royal Bank of Canada lifted their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Scotiabank lifted their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Finally, Jefferies Financial Group boosted their price target on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a report on Friday, October 4th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $25.06.

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.