Fmr LLC Raises Holdings in Alamos Gold Inc. (NYSE:AGI)

Fmr LLC increased its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 50.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,374,543 shares of the basic materials company’s stock after buying an additional 2,148,153 shares during the period. Fmr LLC’s holdings in Alamos Gold were worth $127,027,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AGI. DekaBank Deutsche Girozentrale boosted its position in shares of Alamos Gold by 76.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 105,000 shares of the basic materials company’s stock valued at $1,528,000 after acquiring an additional 45,614 shares during the last quarter. Baldwin Brothers LLC MA purchased a new position in shares of Alamos Gold in the 2nd quarter worth $47,000. Murphy Pohlad Asset Management LLC increased its holdings in shares of Alamos Gold by 81.9% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 135,870 shares of the basic materials company’s stock worth $2,130,000 after buying an additional 61,155 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Alamos Gold by 947.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 873,727 shares of the basic materials company’s stock valued at $13,700,000 after buying an additional 790,351 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Alamos Gold by 1.6% in the 2nd quarter. Raymond James & Associates now owns 317,959 shares of the basic materials company’s stock valued at $4,986,000 after acquiring an additional 5,075 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Performance

AGI stock opened at $19.36 on Wednesday. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 0.74 and a beta of 1.15. Alamos Gold Inc. has a twelve month low of $11.24 and a twelve month high of $21.45. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $19.56 and its two-hundred day simple moving average is $18.26.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The company had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. Analysts predict that Alamos Gold Inc. will post 0.77 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.025 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.52%. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AGI shares. Scotiabank upped their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday. Jefferies Financial Group boosted their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada raised their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $25.06.

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.