Vanguard Group Inc. Has $194.22 Million Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Vanguard Group Inc. boosted its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,419,042 shares of the basic materials company's stock after purchasing an additional 216,280 shares during the period. Vanguard Group Inc. owned about 3.63% of Alamos Gold worth $194,224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AGI. Barometer Capital Management Inc. acquired a new stake in shares of Alamos Gold during the 4th quarter valued at approximately $2,225,000. Cheviot Value Management LLC lifted its position in shares of Alamos Gold by 2.0% during the 4th quarter. Cheviot Value Management LLC now owns 51,927 shares of the basic materials company's stock valued at $699,000 after acquiring an additional 1,000 shares during the period. Gabelli Funds LLC lifted its position in shares of Alamos Gold by 5.9% during the 4th quarter. Gabelli Funds LLC now owns 1,881,675 shares of the basic materials company's stock valued at $25,346,000 after acquiring an additional 104,000 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of Alamos Gold during the 4th quarter valued at approximately $2,698,000. Finally, CIBC Asset Management Inc lifted its position in shares of Alamos Gold by 2.1% during the 4th quarter. CIBC Asset Management Inc now owns 545,288 shares of the basic materials company's stock valued at $7,357,000 after acquiring an additional 11,003 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Stock Up 3.2 %

Shares of NYSE AGI traded up $0.50 during trading on Wednesday, hitting $16.09. 1,007,639 shares of the company traded hands, compared to its average volume of 2,410,067. Alamos Gold Inc. has a 1 year low of $10.78 and a 1 year high of $17.29. The company has a 50-day moving average price of $15.93 and a 200-day moving average price of $14.18. The firm has a market capitalization of $6.42 billion, a P/E ratio of 30.94, a P/E/G ratio of 0.71 and a beta of 1.16.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $277.60 million for the quarter, compared to analyst estimates of $271.15 million. Alamos Gold had a net margin of 19.41% and a return on equity of 7.38%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. Research analysts predict that Alamos Gold Inc. will post 0.7 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.62%. Alamos Gold's payout ratio is 19.23%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Alamos Gold from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 23rd. Jefferies Financial Group lifted their price objective on Alamos Gold from $14.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday, April 22nd. Bank of America raised shares of Alamos Gold from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $21.75 to $27.25 in a research note on Tuesday, April 9th. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Alamos Gold in a research note on Monday, April 8th. Finally, StockNews.com raised shares of Alamos Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Alamos Gold presently has an average rating of "Moderate Buy" and an average price target of $18.15.

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.