Dimensional Fund Advisors LP lessened its position in Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,277,823 shares of the basic materials company’s stock after selling 67,005 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Alamos Gold were worth $101,190,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Alamos Gold during the fourth quarter worth approximately $25,000. Clearstead Advisors LLC lifted its holdings in Alamos Gold by 62.7% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Alamos Gold by 44.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 222 shares during the last quarter. Parallel Advisors LLC acquired a new stake in Alamos Gold during the 1st quarter worth $35,000. Finally, Bayforest Capital Ltd acquired a new stake in Alamos Gold during the 4th quarter worth $44,000. 64.33% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently commented on AGI. Jefferies Financial Group reduced their target price on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Bank of America lowered their price target on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings cut shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Finally, Royal Bank Of Canada decreased their target price on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.
Alamos Gold Price Performance
Alamos Gold stock opened at $28.52 on Thursday. The company’s 50 day simple moving average is $33.27 and its 200-day simple moving average is $40.47. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 0.37 and a beta of 0.55. Alamos Gold Inc. has a 1 year low of $23.92 and a 1 year high of $55.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last issued its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $594.10 million during the quarter, compared to analysts’ expectations of $593.58 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The company’s revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, equities research analysts expect that Alamos Gold Inc. will post 2.19 earnings per share for the current year.
Alamos Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued 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 payout ratio is 6.37%.
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.
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