U S Global Investors Inc. Has $6.35 Million Stock Position in Alamos Gold Inc. (NYSE:AGI)

U S Global Investors Inc. raised its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 27.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 318,500 shares of the basic materials company's stock after purchasing an additional 68,500 shares during the period. Alamos Gold accounts for approximately 0.6% of U S Global Investors Inc.'s holdings, making the stock its 27th biggest position. U S Global Investors Inc. owned approximately 0.08% of Alamos Gold worth $6,351,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its stake in shares of Alamos Gold by 147.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock worth $119,003,000 after acquiring an additional 4,521,282 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Alamos Gold by 8.3% in the first quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company's stock valued at $772,863,000 after acquiring an additional 4,009,220 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $97,183,000 after acquiring an additional 2,756,759 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Alamos Gold by 311.9% in the second quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company's stock valued at $42,480,000 after acquiring an additional 2,051,935 shares in the last quarter. Finally, Triasima Portfolio Management inc. boosted its holdings in shares of Alamos Gold by 328.2% in the second quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company's stock valued at $21,779,000 after acquiring an additional 1,064,629 shares in the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

Shares of NYSE:AGI traded up $0.59 during mid-day trading on Tuesday, hitting $21.38. The stock had a trading volume of 2,419,797 shares, compared to its average volume of 2,354,864. The company has a market cap of $8.53 billion, a PE ratio of 41.11, a P/E/G ratio of 0.86 and a beta of 1.18. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45. The company's 50 day moving average is $19.64 and its 200-day moving average is $17.38.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $282.78 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company's 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a $0.025 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.47%. Alamos Gold's payout ratio is 19.23%.

Analyst Ratings Changes

AGI has been the subject of several recent analyst reports. 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 report on Tuesday, September 10th. Jefferies Financial Group increased their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a report on Friday, October 4th. StockNews.com cut shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday. National Bank Financial lowered shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. Finally, Scotiabank increased their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Alamos Gold currently has an average rating of "Moderate Buy" and an average 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.