Legal & General Group Plc Has $107.09 Million Holdings in Alamos Gold Inc. $AGI

Legal & General Group Plc boosted its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,769,787 shares of the basic materials company’s stock after buying an additional 174,941 shares during the quarter. Legal & General Group Plc’s holdings in Alamos Gold were worth $107,093,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Van ECK Associates Corp boosted its stake in Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock valued at $1,587,666,000 after buying an additional 11,876,324 shares in the last quarter. Vanguard Group Inc. boosted its stake in Alamos Gold by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock valued at $678,291,000 after buying an additional 332,335 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Alamos Gold by 6.3% in the third quarter. Mackenzie Financial Corp now owns 9,547,541 shares of the basic materials company’s stock valued at $332,724,000 after buying an additional 567,926 shares in the last quarter. Invesco Ltd. boosted its stake in Alamos Gold by 23.4% in the third quarter. Invesco Ltd. now owns 2,981,880 shares of the basic materials company’s stock valued at $103,948,000 after buying an additional 565,441 shares in the last quarter. Finally, Amundi boosted its stake in Alamos Gold by 23.5% in the third quarter. Amundi now owns 2,964,424 shares of the basic materials company’s stock valued at $102,984,000 after buying an additional 563,528 shares in the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AGI has been the topic of several research analyst reports. Scotiabank raised their price objective on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Weiss Ratings lowered Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and a consensus target price of $50.67.

Alamos Gold Stock Performance

Shares of AGI stock opened at $39.61 on Friday. The business’s 50-day moving average price is $43.13 and its 200-day moving average price is $41.86. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41. The firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.50 and a beta of 0.50. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The firm had revenue of $596.70 million for the quarter, compared to analyst estimates of $612.35 million. During the same period last year, the firm posted $0.14 earnings per share. The business’s revenue for the quarter was up 79.2% on a year-over-year basis. Equities research analysts forecast that Alamos Gold Inc. will post 2.46 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is presently 6.37%.

Alamos Gold Company Profile

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.