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

Schroder Investment Management Group raised its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 62.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,142,789 shares of the basic materials company’s stock after purchasing an additional 440,764 shares during the quarter. Schroder Investment Management Group owned 0.27% of Alamos Gold worth $30,352,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in Alamos Gold during the second quarter valued at approximately $30,000. Banque Transatlantique SA purchased a new position in shares of Alamos Gold during the 1st quarter worth $31,000. SVB Wealth LLC purchased a new position in shares of Alamos Gold during the 1st quarter worth $67,000. Banque Cantonale Vaudoise bought a new stake in shares of Alamos Gold during the 1st quarter valued at $68,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Alamos Gold in the 2nd quarter worth $90,000. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AGI. BMO Capital Markets reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Thursday, October 23rd. Zacks Research downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. National Bankshares reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. Finally, Bank of America lifted their price target on shares of Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and an average price target of $41.00.

Alamos Gold Trading Down 1.1%

Shares of AGI opened at $37.08 on Tuesday. Alamos Gold Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $38.00. The stock has a market capitalization of $15.60 billion, a PE ratio of 28.97, a P/E/G ratio of 0.50 and a beta of 0.50. The company’s fifty day moving average is $33.47 and its 200 day moving average is $29.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49.

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

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Alamos Gold’s dividend payout ratio 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.