Vanguard Group Inc. Has $295.11 Million Position in Alamos Gold Inc. (NYSE:AGI)

Vanguard Group Inc. increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,995,738 shares of the basic materials company's stock after purchasing an additional 279,280 shares during the quarter. Vanguard Group Inc. owned approximately 3.81% of Alamos Gold worth $295,105,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its stake in shares of Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after buying an additional 2,867,027 shares during the last quarter. Addenda Capital Inc. acquired a new position in Alamos Gold during the fourth quarter valued at approximately $34,869,000. Principal Financial Group Inc. grew its stake in Alamos Gold by 3.7% in the third quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company's stock valued at $34,655,000 after purchasing an additional 61,700 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Alamos Gold by 55.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,615,833 shares of the basic materials company's stock worth $29,796,000 after purchasing an additional 574,995 shares during the last quarter. Finally, Amundi raised its stake in shares of Alamos Gold by 19.1% during the 4th quarter. Amundi now owns 1,611,367 shares of the basic materials company's stock worth $31,148,000 after purchasing an additional 257,859 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Bank of America dropped their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday. Finally, StockNews.com upgraded Alamos Gold from a "hold" rating to a "buy" rating in a report on Sunday. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $27.63.

Alamos Gold Stock Performance

Shares of NYSE AGI traded up $2.03 during mid-day trading on Wednesday, reaching $26.53. 6,043,404 shares of the company were exchanged, compared to its average volume of 2,507,313. Alamos Gold Inc. has a twelve month low of $14.31 and a twelve month high of $27.32. The stock has a market capitalization of $11.15 billion, a P/E ratio of 38.44, a P/E/G ratio of 0.40 and a beta of 1.02. The company's 50-day simple moving average is $24.22 and its 200-day simple moving average is $21.11. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.38%. The ex-dividend date was Thursday, March 13th. Alamos Gold's payout ratio is 14.49%.

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.