TD Asset Management Inc Has $74.66 Million Position in Alamos Gold Inc. $AGI

TD Asset Management Inc lessened its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 17.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,141,512 shares of the basic materials company’s stock after selling 458,320 shares during the period. TD Asset Management Inc owned approximately 0.51% of Alamos Gold worth $74,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Alamos Gold in the 2nd quarter valued at $1,502,000. Vanguard Group Inc. lifted its position in shares of Alamos Gold by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company’s stock worth $600,712,000 after buying an additional 524,263 shares during the last quarter. PCJ Investment Counsel Ltd. lifted its position in shares of Alamos Gold by 37.9% during the 2nd quarter. PCJ Investment Counsel Ltd. now owns 85,740 shares of the basic materials company’s stock worth $2,282,000 after buying an additional 23,560 shares during the last quarter. Intact Investment Management Inc. boosted its stake in Alamos Gold by 3.8% in the third quarter. Intact Investment Management Inc. now owns 657,696 shares of the basic materials company’s stock valued at $22,928,000 after buying an additional 24,330 shares in the last quarter. Finally, Caldwell Investment Management Ltd. grew its position in Alamos Gold by 143.5% in the third quarter. Caldwell Investment Management Ltd. now owns 168,000 shares of the basic materials company’s stock valued at $5,818,000 after acquiring an additional 99,000 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TD Securities reissued a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a research report on Monday, December 29th. Desjardins began coverage on shares of Alamos Gold in a research note on Friday, November 28th. They issued a “buy” rating for the company. Zacks Research lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, Scotiabank raised their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $45.50.

Alamos Gold Stock Performance

Shares of AGI stock opened at $52.43 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $42.14 and a two-hundred day simple moving average of $36.03. Alamos Gold Inc. has a 12 month low of $22.03 and a 12 month high of $52.48. The firm has a market capitalization of $22.01 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 0.48 and a beta of 0.61.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The firm had revenue of $575.30 million during the quarter, compared to analysts’ expectations of $596.18 million. During the same period last year, the company earned $0.25 earnings per share. The business’s revenue was up 53.1% on a year-over-year basis. Analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.3%. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, March 12th. Alamos Gold’s dividend payout ratio is currently 4.76%.

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.