Connor Clark & Lunn Investment Management Ltd. Has $110.66 Million Stock Position in Alamos Gold Inc. (NYSE:AGI)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 19.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,554,082 shares of the basic materials company’s stock after acquiring an additional 891,255 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Alamos Gold were worth $110,662,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AGI. CANADA LIFE ASSURANCE Co increased its position in shares of Alamos Gold by 131.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company’s stock worth $1,434,000 after purchasing an additional 55,352 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Alamos Gold by 3.4% in the first quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company’s stock valued at $21,824,000 after buying an additional 45,412 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Alamos Gold by 71.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock valued at $97,183,000 after buying an additional 2,756,759 shares in the last quarter. Murphy Pohlad Asset Management LLC increased its holdings in Alamos Gold by 81.9% during the second quarter. Murphy Pohlad Asset Management LLC now owns 135,870 shares of the basic materials company’s stock worth $2,130,000 after buying an additional 61,155 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Alamos Gold by 66.2% during the first quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock worth $2,829,000 after acquiring an additional 76,379 shares in the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Up 2.6 %

Shares of AGI opened at $18.80 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12 month low of $11.24 and a 12 month high of $21.45. The firm’s 50 day moving average is $19.91 and its 200-day moving average is $18.03. The stock has a market capitalization of $7.90 billion, a PE ratio of 31.33, a P/E/G ratio of 0.79 and a beta of 1.19.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The company had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. Equities research analysts forecast that Alamos Gold Inc. will post 0.76 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Thursday, September 12th. Alamos Gold’s payout ratio is currently 16.67%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Scotiabank lifted their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group lifted their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada upped their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, National Bank Financial downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Alamos Gold presently has an average rating of “Moderate Buy” and a consensus target price of $25.06.

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.