Alamos Gold Inc. (NYSE:AGI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 18.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,913,134 shares of the basic materials company's stock after selling 435,242 shares during the period. Dimensional Fund Advisors LP owned about 0.48% of Alamos Gold worth $29,998,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AGI. CANADA LIFE ASSURANCE Co increased its stake in shares of Alamos Gold by 131.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company's stock worth $1,434,000 after purchasing an additional 55,352 shares in the last quarter. National Bank of Canada FI raised its holdings in Alamos Gold by 3.4% during the 1st quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company's stock valued at $21,824,000 after buying an additional 45,412 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Alamos Gold by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 14,419,042 shares of the basic materials company's stock worth $194,224,000 after acquiring an additional 216,280 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Alamos Gold by 71.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company's stock valued at $97,183,000 after buying an additional 2,756,759 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Alamos Gold by 66.2% during the 1st quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company's stock valued at $2,829,000 after acquiring an additional 76,379 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analyst Ratings Changes

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

Alamos Gold Stock Down 2.1 %

AGI stock traded down $0.43 on Thursday, reaching $19.71. 1,884,726 shares of the company's stock were exchanged, compared to its average volume of 2,364,276. Alamos Gold Inc. has a twelve month low of $10.90 and a twelve month high of $21.42. The stock has a fifty day moving average of $18.92 and a 200-day moving average of $16.83. The firm has a market cap of $7.87 billion, a PE ratio of 38.00, a P/E/G ratio of 0.90 and a beta of 1.18.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The company had revenue of $332.60 million during the quarter, compared to analysts' expectations of $282.78 million. During the same period last year, the company posted $0.15 earnings per share. The firm's quarterly revenue was up 27.4% compared to the same quarter last year. On average, equities research analysts predict that Alamos Gold Inc. will post 0.75 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.51%. Alamos Gold's dividend payout ratio (DPR) is 19.23%.

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.