Charles Schwab Investment Management Inc. Has $23.56 Million Holdings in Alamos Gold Inc. $AGI

Charles Schwab Investment Management Inc. lessened its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 882,001 shares of the basic materials company’s stock after selling 36,427 shares during the period. Charles Schwab Investment Management Inc. owned about 0.21% of Alamos Gold worth $23,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AGI. Geode Capital Management LLC raised its holdings in Alamos Gold by 36.3% during the 4th quarter. Geode Capital Management LLC now owns 408,434 shares of the basic materials company’s stock worth $7,532,000 after buying an additional 108,822 shares during the period. Envestnet Asset Management Inc. raised its holdings in Alamos Gold by 36.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 86,836 shares of the basic materials company’s stock worth $1,601,000 after buying an additional 23,187 shares during the period. Mariner LLC raised its holdings in Alamos Gold by 121.0% during the 4th quarter. Mariner LLC now owns 27,910 shares of the basic materials company’s stock worth $514,000 after buying an additional 15,281 shares during the period. NewEdge Advisors LLC raised its holdings in Alamos Gold by 1.2% during the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company’s stock worth $1,342,000 after buying an additional 854 shares during the period. Finally, Marshall Wace LLP raised its holdings in Alamos Gold by 325.2% during the 4th quarter. Marshall Wace LLP now owns 97,229 shares of the basic materials company’s stock worth $1,793,000 after buying an additional 74,362 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AGI shares. Stifel Nicolaus started coverage on Alamos Gold in a report on Wednesday, July 9th. They set a “buy” rating on the stock. Stifel Canada upgraded Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 8th. National Bankshares reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. Wall Street Zen downgraded Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Finally, CIBC reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and an average price target of $30.38.

Alamos Gold Trading Up 2.7%

Shares of NYSE AGI opened at $26.4620 on Thursday. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 0.56 and a beta of 0.51. The business has a 50 day simple moving average of $26.19 and a 200 day simple moving average of $25.76. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $31.00. 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, July 30th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $438.20 million during the quarter, compared to analysts’ expectations of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. On average, research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.4%. Alamos Gold’s payout ratio is presently 12.05%.

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.