Vanguard Group Inc. Has $194.22 Million Holdings in Alamos Gold Inc. (NYSE:AGI)

Vanguard Group Inc. grew its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,419,042 shares of the basic materials company’s stock after acquiring an additional 216,280 shares during the period. Vanguard Group Inc.’s holdings in Alamos Gold were worth $194,224,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Anchor Investment Management LLC bought a new position in Alamos Gold during the fourth quarter valued at approximately $27,000. AJOVista LLC bought a new position in shares of Alamos Gold during the 4th quarter valued at $83,000. Fifth Third Bancorp acquired a new stake in shares of Alamos Gold in the 4th quarter valued at $96,000. Mcrae Capital Management Inc. bought a new stake in Alamos Gold in the fourth quarter worth $174,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in Alamos Gold during the fourth quarter worth $216,000. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AGI shares. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.75 to $27.25 in a research report on Tuesday, April 9th. Jefferies Financial Group lifted their price target on shares of Alamos Gold from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, April 23rd. Finally, StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.15.

Alamos Gold Trading Up 0.3 %

Shares of Alamos Gold stock opened at $15.59 on Wednesday. Alamos Gold Inc. has a 1 year low of $10.78 and a 1 year high of $17.29. The company’s fifty day simple moving average is $15.91 and its 200-day simple moving average is $14.16. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 0.71 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $277.60 million for the quarter, compared to analyst estimates of $271.15 million. Alamos Gold had a net margin of 19.41% and a return on equity of 7.38%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. As a group, research analysts forecast that Alamos Gold Inc. will post 0.7 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.10 annualized dividend and a yield of 0.64%. Alamos Gold’s dividend payout ratio (DPR) is 19.23%.

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.