Alamos Gold Inc. (NYSE:AGI) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 94.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,090 shares of the basic materials company’s stock after buying an additional 68,519 shares during the period. Russell Investments Group Ltd.’s holdings in Alamos Gold were worth $2,602,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AGI. Vanguard Group Inc. grew its holdings in shares of Alamos Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company’s stock worth $295,105,000 after purchasing an additional 279,280 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Alamos Gold by 17.8% in 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 purchasing an additional 1,424,550 shares during the period. CIBC Asset Management Inc grew its stake in 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 worth $142,936,000 after buying an additional 2,867,027 shares during the last quarter. Norges Bank acquired a new position in Alamos Gold during the fourth quarter worth approximately $100,694,000. Finally, Addenda Capital Inc. purchased a new stake in Alamos Gold in the fourth quarter valued at approximately $34,869,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $29.58 on Friday. Alamos Gold Inc. has a 52 week low of $14.31 and a 52 week high of $31.00. The company has a 50-day moving average price of $25.10 and a 200 day moving average price of $21.48. The company has a market cap of $12.44 billion, a P/E ratio of 42.87, a PEG ratio of 0.40 and a beta of 1.02. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.34%. Alamos Gold’s payout ratio is currently 14.49%.

Analyst Upgrades and Downgrades

AGI has been the topic of a number of recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Monday. Bank of America dropped their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Tuesday. Royal Bank of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Finally, National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and an average 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.