The Manufacturers Life Insurance Company increased its stake in Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 41.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,139,080 shares of the basic materials company’s stock after purchasing an additional 1,216,977 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Alamos Gold were worth $183,963,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in AGI. Norges Bank acquired a new position in Alamos Gold during the fourth quarter worth $219,475,000. Massachusetts Financial Services Co. MA acquired a new stake in Alamos Gold in the fourth quarter valued at $72,410,000. Bank of America Corp DE lifted its stake in Alamos Gold by 137.3% in the third quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock valued at $91,492,000 after acquiring an additional 1,518,374 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Alamos Gold by 105.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after acquiring an additional 1,227,695 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Alamos Gold by 11.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock valued at $351,072,000 after acquiring an additional 964,317 shares during the period. 64.33% of the stock is owned by institutional investors.
Alamos Gold Price Performance
Alamos Gold stock opened at $28.85 on Wednesday. The firm has a market cap of $12.08 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. The stock’s fifty day moving average price is $33.49 and its two-hundred day moving average price is $40.56. Alamos Gold Inc. has a one year low of $23.92 and a one year high of $55.41.
Alamos Gold Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were given a $0.04 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Alamos Gold’s dividend payout ratio (DPR) is presently 6.37%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on AGI shares. Jefferies Financial Group dropped their target price on Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a report on Monday, July 6th. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Bank of America dropped their price objective on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.
Check Out Our Latest Stock Analysis on Alamos Gold
About Alamos Gold
Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.
Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.
Read More
- Five stocks we like better than Alamos Gold
- These 3 Stocks Have Soared in 2026—Can They Keep Climbing?
- Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story
- Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction
- Chips & Clips: Memory Tariffs Rewire Tech Supply Chains
Want to see what other hedge funds are holding AGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI).
Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.
