Focus Partners Wealth Has $9.47 Million Stake in Alamos Gold Inc. (NYSE:AGI)

Focus Partners Wealth lowered its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 513,287 shares of the basic materials company’s stock after selling 4,569 shares during the period. Focus Partners Wealth’s holdings in Alamos Gold were worth $9,465,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Alamos Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company’s stock valued at $295,105,000 after acquiring an additional 279,280 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Alamos Gold by 17.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company’s stock valued at $173,991,000 after acquiring an additional 1,424,550 shares during the period. CIBC Asset Management Inc lifted its position in shares of Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after acquiring an additional 2,867,027 shares during the period. Renaissance Technologies LLC lifted its position in shares of Alamos Gold by 4.4% during the 4th quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company’s stock valued at $138,932,000 after acquiring an additional 318,360 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Alamos Gold by 296.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock valued at $136,011,000 after acquiring an additional 5,516,186 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of AGI stock opened at $24.77 on Wednesday. Alamos Gold Inc. has a 12 month low of $15.01 and a 12 month high of $31.00. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $10.42 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. The firm has a fifty day simple moving average of $26.63 and a two-hundred day simple moving average of $22.39.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. During the same quarter in the previous year, the company earned $0.13 EPS. The business’s revenue was up 20.0% compared to the same quarter last year. Analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.40%. Alamos Gold’s payout ratio is 16.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. StockNews.com downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Royal Bank of Canada boosted their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Bank of America decreased their price target on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Alamos Gold presently has an average rating of “Moderate Buy” and a consensus target price of $30.38.

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.