Principal Financial Group Inc. Buys 61,700 Shares of Alamos Gold Inc. (NYSE:AGI)

Principal Financial Group Inc. raised its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 3.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,737,200 shares of the basic materials company's stock after buying an additional 61,700 shares during the quarter. Principal Financial Group Inc. owned approximately 0.41% of Alamos Gold worth $34,655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AGI. Hara Capital LLC acquired a new stake in Alamos Gold in the third quarter worth approximately $47,000. Daiwa Securities Group Inc. bought a new position in Alamos Gold during the second quarter valued at about $48,000. Eastern Bank acquired a new position in Alamos Gold during the third quarter worth about $111,000. Employees Retirement System of Texas acquired a new stake in shares of Alamos Gold during the second quarter valued at approximately $88,000. Finally, Plato Investment Management Ltd purchased a new position in Alamos Gold during the 3rd quarter worth approximately $147,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on AGI. StockNews.com cut Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. 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 note on Tuesday, September 10th. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Finally, Jefferies Financial Group lifted their price objective on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $25.06.

Alamos Gold Stock Down 0.2 %

Shares of AGI stock traded down $0.03 on Tuesday, hitting $18.32. The company's stock had a trading volume of 1,758,421 shares, compared to its average volume of 2,368,329. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 0.93 and a beta of 1.15. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45. The firm's fifty day moving average price is $19.36 and its 200-day moving average price is $18.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The company had revenue of $360.90 million for the quarter. Research analysts anticipate that Alamos Gold Inc. will post 0.77 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders 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 annualized dividend and a yield of 0.55%. Alamos Gold's dividend payout ratio (DPR) is presently 16.67%.

Alamos Gold Company 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.