Geode Capital Management LLC Acquires 29,933 Shares of Alamos Gold Inc. (NYSE:AGI)

Geode Capital Management LLC boosted its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 11.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 299,612 shares of the basic materials company’s stock after purchasing an additional 29,933 shares during the period. Geode Capital Management LLC’s holdings in Alamos Gold were worth $6,224,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AGI. Mackenzie Financial Corp raised its holdings in Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after buying an additional 4,521,282 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Alamos Gold by 79.3% during the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after acquiring an additional 2,149,915 shares during the last quarter. FMR LLC raised its stake in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after acquiring an additional 2,148,153 shares during the last quarter. Triasima Portfolio Management inc. boosted its holdings in shares of Alamos Gold by 328.2% during the second quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company’s stock worth $21,779,000 after purchasing an additional 1,064,629 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Alamos Gold by 19.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after purchasing an additional 891,255 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Down 0.5 %

Shares of NYSE:AGI opened at $19.17 on Friday. The firm has a market capitalization of $8.05 billion, a P/E ratio of 31.95, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The stock has a 50 day moving average price of $18.97 and a 200-day moving average price of $18.62. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45.

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

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Jefferies Financial Group upped their price target on 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 upped their target price on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alamos Gold presently has an average rating of “Buy” and an average price target of $25.06.

Alamos Gold 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.