Dimensional Fund Advisors LP Has $17.88 Million Position in Alamos Gold Inc. (NYSE:AGI)

Dimensional Fund Advisors LP boosted its stake in shares of Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) by 20.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,412,674 shares of the basic materials company’s stock after buying an additional 407,928 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Alamos Gold were worth $17,878,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisor Group Holdings Inc. lifted its holdings in Alamos Gold by 5.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock worth $239,000 after buying an additional 1,432 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Alamos Gold by 2.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,218 shares of the basic materials company’s stock valued at $546,000 after purchasing an additional 1,445 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Alamos Gold by 1.4% in the 1st quarter. Moors & Cabot Inc. now owns 106,589 shares of the basic materials company’s stock valued at $897,000 after purchasing an additional 1,500 shares during the period. Lee Danner & Bass Inc. lifted its stake in shares of Alamos Gold by 10.0% in the 3rd quarter. Lee Danner & Bass Inc. now owns 22,000 shares of the basic materials company’s stock valued at $163,000 after purchasing an additional 2,000 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Alamos Gold by 6.5% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,047 shares of the basic materials company’s stock valued at $267,000 after purchasing an additional 2,190 shares during the period. 50.22% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $9.95 on Wednesday. Alamos Gold Inc. has a one year low of $6.35 and a one year high of $11.61. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 99.50, a PEG ratio of 3.24 and a beta of 1.05. The business has a 50-day simple moving average of $10.65 and a 200 day simple moving average of $9.12.

Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last issued its quarterly earnings data on Thursday, February 23rd. The basic materials company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $231.90 million during the quarter, compared to analyst estimates of $232.00 million. Alamos Gold had a return on equity of 4.03% and a net margin of 4.52%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. On average, sell-side analysts expect that Alamos Gold Inc. will post 0.41 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, March 15th. Alamos Gold’s dividend payout ratio is currently 100.00%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AGI. National Bank Financial boosted their price objective on Alamos Gold from C$17.50 to C$18.00 in a research note on Tuesday, February 14th. Canaccord Genuity Group downgraded Alamos Gold from a “buy” rating to a “hold” rating in a research note on Thursday, January 19th. Scotiabank raised Alamos Gold from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $10.00 to $11.00 in a research note on Tuesday, November 22nd. CIBC boosted their target price on Alamos Gold from C$17.50 to C$18.50 in a research report on Tuesday, February 7th. Finally, TheStreet raised Alamos Gold from a “c+” rating to a “b-” rating in a research report on Friday, December 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.50.

About Alamos Gold

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Alamos Gold, Inc engages in the exploration, development, mining and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.