OMERS ADMINISTRATION Corp Takes $1.37 Million Position in Alamos Gold Inc. $AGI

OMERS ADMINISTRATION Corp purchased a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,800 shares of the basic materials company’s stock, valued at approximately $1,366,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new position in Alamos Gold during the 4th quarter worth $25,000. Clearstead Advisors LLC lifted its holdings in shares of Alamos Gold by 62.7% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after buying an additional 251 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Alamos Gold by 44.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after buying an additional 222 shares during the period. Parallel Advisors LLC bought a new position in shares of Alamos Gold during the 1st quarter worth $35,000. Finally, Bayforest Capital Ltd bought a new position in shares of Alamos Gold during the 4th quarter worth $44,000. Institutional investors own 64.33% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Bank of America decreased their price objective on Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Royal Bank Of Canada lowered their price target on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Finally, Weiss Ratings downgraded shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alamos Gold has an average rating of “Moderate Buy” and an average price target of $47.50.

Alamos Gold Trading Down 0.9%

Shares of NYSE AGI opened at $28.52 on Thursday. Alamos Gold Inc. has a 1-year low of $23.92 and a 1-year high of $55.41. The business has a fifty day moving average price of $33.27 and a 200 day moving average price of $40.47. The stock has a market capitalization of $11.94 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 0.37 and a beta of 0.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. The company had revenue of $594.10 million for the quarter, compared to analyst estimates of $593.58 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Equities research analysts expect that Alamos Gold Inc. will post 2.19 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 given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Alamos Gold’s dividend payout ratio (DPR) is presently 6.37%.

Alamos Gold Company 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.