Van ECK Associates Corp Has $651.79 Million Stake in Alamos Gold Inc. (NYSE:AGI)

Van ECK Associates Corp decreased its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,388,265 shares of the basic materials company’s stock after selling 2,102,824 shares during the quarter. Alamos Gold comprises approximately 1.2% of Van ECK Associates Corp’s investment portfolio, making the stock its 14th largest holding. Van ECK Associates Corp owned about 0.12% of Alamos Gold worth $651,785,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $27,000. Fifth Third Bancorp acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $96,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Alamos Gold by 14.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the basic materials company’s stock worth $140,000 after buying an additional 1,596 shares during the period. Mcrae Capital Management Inc. acquired a new stake in shares of Alamos Gold during the 4th quarter worth approximately $174,000. Finally, Keybank National Association OH grew its position in shares of Alamos Gold by 32.4% during the 3rd quarter. Keybank National Association OH now owns 14,859 shares of the basic materials company’s stock worth $168,000 after buying an additional 3,634 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Up 0.9 %

NYSE:AGI traded up $0.14 during trading hours on Monday, hitting $15.45. 2,046,303 shares of the company traded hands, compared to its average volume of 2,619,616. The firm’s 50-day simple moving average is $13.79 and its 200-day simple moving average is $13.27. Alamos Gold Inc. has a one year low of $10.78 and a one year high of $16.01. The company has a market cap of $6.15 billion, a PE ratio of 29.70, a PEG ratio of 3.81 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The business had revenue of $277.60 million for the quarter, compared to analysts’ expectations of $271.15 million. During the same period last year, the business earned $0.12 EPS. The business’s revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts expect that Alamos Gold Inc. will post 0.66 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 19.23%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Jefferies Financial Group increased their target price on Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Sunday, April 14th. Finally, Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.75 to $27.25 in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold presently has an average rating of “Moderate Buy” and an average target price of $18.15.

Alamos Gold 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.