Alamos Gold Inc. $AGI Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,679,980 shares of the basic materials company’s stock after purchasing an additional 141,000 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.40% of Alamos Gold worth $74,757,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new position in Alamos Gold during the fourth quarter worth about $25,000. Clearstead Advisors LLC grew its position in Alamos Gold by 62.7% in the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 251 shares during the period. Smartleaf Asset Management LLC increased its stake in Alamos Gold by 44.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 222 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Alamos Gold during the fourth quarter worth $44,000. Finally, State of Wyoming purchased a new stake in Alamos Gold in the fourth quarter valued at $71,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Up 0.0%

AGI opened at $28.26 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01. Alamos Gold Inc. has a one year low of $23.92 and a one year high of $55.41. The company has a market cap of $11.83 billion, a P/E ratio of 11.26, a PEG ratio of 0.37 and a beta of 0.55. The business’s 50-day simple moving average is $35.27 and its 200-day simple moving average is $41.03.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (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 during the quarter, compared to the consensus estimate of $612.35 million. During the same period in the prior year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 79.2% compared to the same quarter last year. As a group, equities research analysts expect that Alamos Gold Inc. will post 2.13 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.6%. Alamos Gold’s payout ratio is 6.37%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AGI shares. Bank of America decreased their price target on Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Royal Bank Of Canada decreased their price objective on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Jefferies Financial Group cut their target price on Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Alamos Gold presently has an average rating of “Moderate Buy” and an average price target of $47.50.

About Alamos Gold

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.