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

Allspring Global Investments Holdings LLC boosted its holdings 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 Securities and Exchange Commission (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’s holdings in Alamos Gold were worth $74,757,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after acquiring an additional 1,227,695 shares during the period. Empowered Funds LLC acquired a new stake in shares of Alamos Gold during the first quarter worth $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Alamos Gold by 129.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock worth $27,111,000 after purchasing an additional 571,536 shares during the period. Qube Research & Technologies Ltd grew its position in Alamos Gold by 375.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 980,474 shares of the basic materials company’s stock valued at $26,042,000 after buying an additional 774,111 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Alamos Gold by 6.9% in the 2nd quarter. Sei Investments Co. now owns 403,217 shares of the basic materials company’s stock valued at $10,709,000 after buying an additional 26,045 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Alamos Gold stock opened at $28.26 on Friday. The firm has a market capitalization of $11.83 billion, a PE ratio of 11.26, a P/E/G ratio of 0.37 and a beta of 0.55. Alamos Gold Inc. has a 52 week low of $23.92 and a 52 week high of $55.41. The firm’s 50-day simple moving average is $35.27 and its 200 day simple moving average is $41.03. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $596.70 million during the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm’s revenue for the quarter was up 79.2% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. On average, equities research analysts predict that Alamos Gold Inc. will post 2.13 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is 6.37%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AGI shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Royal Bank Of Canada dropped their target price on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a research note on Tuesday. Finally, Jefferies Financial Group reduced their price target on Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a report on Monday, July 6th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Alamos Gold Profile

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.