Geode Capital Management LLC Buys 29,933 Shares of Alamos Gold Inc. (NYSE:AGI)

Geode Capital Management LLC lifted its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 11.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 299,612 shares of the basic materials company's stock after purchasing an additional 29,933 shares during the period. Geode Capital Management LLC owned 0.07% of Alamos Gold worth $6,224,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Hara Capital LLC bought a new stake in Alamos Gold in the 3rd quarter valued at $47,000. Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold during the second quarter valued at about $48,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold in the second quarter valued at about $88,000. Eastern Bank acquired a new stake in Alamos Gold during the third quarter worth about $111,000. Finally, Plato Investment Management Ltd bought a new position in Alamos Gold during the third quarter valued at about $147,000. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Price Performance

Shares of AGI traded down $0.09 during trading hours on Friday, hitting $19.17. The stock had a trading volume of 1,436,012 shares, compared to its average volume of 2,157,606. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 0.93 and a beta of 1.15. 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's fifty day moving average is $18.97 and its two-hundred day moving average is $18.62. 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 released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). The firm had revenue of $360.90 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. On average, analysts anticipate that Alamos Gold Inc. will post 0.77 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. Alamos Gold's dividend payout ratio is 16.67%.

Analyst Upgrades and Downgrades

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

About Alamos Gold

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.