Schroder Investment Management Group Raises Stock Holdings in Alamos Gold Inc. $AGI

Schroder Investment Management Group increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 62.8% in the second quarter, Holdings Channel.com reports. The fund owned 1,142,789 shares of the basic materials company’s stock after buying an additional 440,764 shares during the quarter. Schroder Investment Management Group’s holdings in Alamos Gold were worth $30,352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AGI. Norges Bank bought a new position in shares of Alamos Gold in the second quarter worth about $144,808,000. Geode Capital Management LLC grew its stake in Alamos Gold by 639.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock worth $91,379,000 after acquiring an additional 2,923,478 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Alamos Gold by 32.3% during the second quarter. Mackenzie Financial Corp now owns 8,979,615 shares of the basic materials company’s stock worth $238,990,000 after acquiring an additional 2,192,593 shares during the period. T. Rowe Price Investment Management Inc. bought a new stake in shares of Alamos Gold during the first quarter valued at approximately $37,738,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Alamos Gold by 105.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after purchasing an additional 1,227,695 shares during the period. 64.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on AGI. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a research report on Tuesday, November 25th. National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, August 5th. TD Securities restated a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $41.00.

Alamos Gold Price Performance

NYSE AGI opened at $37.08 on Tuesday. The firm’s fifty day simple moving average is $33.47 and its two-hundred day simple moving average is $29.58. The firm has a market capitalization of $15.60 billion, a P/E ratio of 28.97, a P/E/G ratio of 0.50 and a beta of 0.50. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 12-month low of $17.80 and a 12-month high of $38.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.The firm had revenue of $462.30 million for the quarter, compared to the consensus estimate of $490.96 million. During the same period in the previous year, the business earned $0.19 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. Analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is currently 7.81%.

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.