Vanguard Personalized Indexing Management LLC Has $216,000 Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Vanguard Personalized Indexing Management LLC lifted its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,785 shares of the basic materials company’s stock after acquiring an additional 2,141 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Alamos Gold were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AGI. Baldwin Brothers LLC MA bought a new stake in Alamos Gold during the 2nd quarter worth approximately $47,000. Daiwa Securities Group Inc. bought a new stake in Alamos Gold during the 2nd quarter worth approximately $48,000. St. Johns Investment Management Company LLC bought a new stake in Alamos Gold during the 1st quarter worth approximately $115,000. Coppell Advisory Solutions Corp. bought a new stake in Alamos Gold during the 1st quarter worth approximately $203,000. Finally, Stapp Wealth Management Pllc bought a new stake in Alamos Gold during the 1st quarter worth approximately $254,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group raised their price target on shares of Alamos Gold from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Finally, Royal Bank of Canada raised their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.81.

Alamos Gold Trading Down 0.2 %

NYSE:AGI opened at $19.94 on Tuesday. Alamos Gold Inc. has a 1-year low of $10.78 and a 1-year high of $21.42. The firm has a fifty day simple moving average of $18.74 and a 200 day simple moving average of $16.72. The stock has a market capitalization of $7.96 billion, a PE ratio of 38.00, a P/E/G ratio of 0.90 and a beta of 1.18.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $332.60 million for the quarter, compared to analysts’ expectations of $282.78 million. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The business’s revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. On average, equities analysts predict that Alamos Gold Inc. will post 0.75 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a $0.025 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.50%. Alamos Gold’s dividend payout ratio is currently 19.23%.

Alamos Gold Company 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.