Wells Fargo & Company MN Has $956,000 Position in Alamos Gold Inc. (AGI)

Wells Fargo & Company MN lifted its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 55.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,102 shares of the basic materials company’s stock after acquiring an additional 47,698 shares during the period. Wells Fargo & Company MN’s holdings in Alamos Gold were worth $956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in AGI. FMR LLC increased its position in shares of Alamos Gold by 30.4% during the first quarter. FMR LLC now owns 4,271,387 shares of the basic materials company’s stock valued at $34,303,000 after acquiring an additional 996,900 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Alamos Gold by 37.1% during the 1st quarter. Legal & General Group Plc now owns 28,798 shares of the basic materials company’s stock worth $231,000 after acquiring an additional 7,800 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Alamos Gold by 19.1% during the 1st quarter. Vanguard Group Inc. now owns 5,749,119 shares of the basic materials company’s stock worth $46,166,000 after acquiring an additional 922,329 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Alamos Gold by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 507,684 shares of the basic materials company’s stock worth $4,077,000 after acquiring an additional 2,198 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Alamos Gold by 79.6% during the 1st quarter. Bank of America Corp DE now owns 318,624 shares of the basic materials company’s stock worth $2,559,000 after acquiring an additional 141,206 shares during the last quarter. 63.26% of the stock is owned by institutional investors.

Alamos Gold Inc. (NYSE AGI) opened at $6.21 on Tuesday. The company has a market cap of $1,882.09, a PE ratio of 104.33 and a beta of 0.46. Alamos Gold Inc. has a one year low of $5.95 and a one year high of $9.00.

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a $0.01 dividend. The ex-dividend date was Friday, October 13th. This represents a dividend yield of 0.3%. Alamos Gold’s payout ratio is presently 100.00%.

A number of research analysts recently weighed in on AGI shares. ValuEngine cut shares of Alamos Gold from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Royal Bank Of Canada restated a “hold” rating and set a $9.00 target price on shares of Alamos Gold in a research note on Wednesday, August 2nd. National Bank Financial reiterated an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd. BidaskClub upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $10.50.

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Alamos Gold Company Profile

Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.

Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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