Alamos Gold Inc. (NYSE:AGI) Stake Increased by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 249.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,398 shares of the basic materials company's stock after purchasing an additional 105,954 shares during the quarter. Toronto Dominion Bank's holdings in Alamos Gold were worth $2,327,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AGI. Van ECK Associates Corp lifted its position in shares of Alamos Gold by 8.3% during the first quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company's stock worth $772,863,000 after purchasing an additional 4,009,220 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Alamos Gold by 71.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company's stock worth $97,183,000 after acquiring an additional 2,756,759 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Alamos Gold by 311.9% during the 2nd quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company's stock worth $42,480,000 after purchasing an additional 2,051,935 shares during the period. The Manufacturers Life Insurance Company raised its position in Alamos Gold by 396.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,426,474 shares of the basic materials company's stock valued at $19,215,000 after purchasing an additional 1,139,404 shares in the last quarter. Finally, Triasima Portfolio Management inc. raised its position in Alamos Gold by 328.2% in the 2nd quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company's stock valued at $21,779,000 after purchasing an additional 1,064,629 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Stock Down 0.2 %

Shares of NYSE AGI traded down $0.03 during mid-day trading on Monday, hitting $19.94. 2,672,321 shares of the company were exchanged, compared to its average volume of 2,361,588. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.18. Alamos Gold Inc. has a 1-year low of $10.78 and a 1-year high of $21.42. The stock has a 50 day simple moving average of $18.74 and a 200-day simple moving average of $16.72.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $332.60 million for the quarter, compared to analyst estimates of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The company's quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 EPS. Analysts anticipate that Alamos Gold Inc. will post 0.75 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.50%. Alamos Gold's dividend payout ratio (DPR) is 19.23%.

Analyst Ratings Changes

A number of brokerages have commented on AGI. Jefferies Financial Group increased their price objective on shares of Alamos Gold from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Scotiabank raised their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. National Bank Financial cut shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 8th. Finally, Royal Bank of Canada lifted their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.81.

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.