67,000 Shares in Alamos Gold Inc. (NYSE:AGI) Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 67,000 shares of the basic materials company’s stock, valued at approximately $799,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Swiss National Bank grew its stake in Alamos Gold by 1.6% during the 2nd quarter. Swiss National Bank now owns 868,436 shares of the basic materials company’s stock worth $10,356,000 after purchasing an additional 13,300 shares in the last quarter. Navellier & Associates Inc. acquired a new position in shares of Alamos Gold during the 2nd quarter worth about $1,466,000. Versor Investments LP boosted its position in shares of Alamos Gold by 72.1% during the 2nd quarter. Versor Investments LP now owns 43,362 shares of the basic materials company’s stock worth $517,000 after acquiring an additional 18,162 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Alamos Gold during the 2nd quarter worth about $39,000. Finally, Barclays PLC boosted its position in shares of Alamos Gold by 136.7% during the 2nd quarter. Barclays PLC now owns 159,486 shares of the basic materials company’s stock worth $1,901,000 after acquiring an additional 92,104 shares in the last quarter. Hedge funds and other institutional investors own 54.99% of the company’s stock.

Alamos Gold Stock Up 0.5 %

AGI opened at $12.89 on Tuesday. The business has a 50 day moving average price of $12.32 and a two-hundred day moving average price of $12.27. The company has a market cap of $5.11 billion, a PE ratio of 25.27, a P/E/G ratio of 1.22 and a beta of 1.07. Alamos Gold Inc. has a 52 week low of $8.79 and a 52 week high of $14.12.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Alamos Gold had a return on equity of 6.88% and a net margin of 20.34%. The firm had revenue of $256.20 million during the quarter, compared to the consensus estimate of $250.72 million. During the same period in the prior year, the business earned $0.07 EPS. The firm’s revenue was up 19.9% compared to the same quarter last year. As a group, sell-side analysts expect that Alamos Gold Inc. will post 0.52 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, September 13th. Alamos Gold’s payout ratio is 19.61%.

Wall Street Analyst Weigh In

AGI has been the subject of several analyst reports. Scotiabank upped their price objective on Alamos Gold from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 target price on shares of Alamos Gold in a report on Tuesday, August 8th. CSFB reduced their target price on Alamos Gold from $13.00 to $12.50 and set a “neutral” rating for the company in a report on Thursday, August 17th. Finally, Desjardins started coverage on Alamos Gold in a report on Tuesday, October 24th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alamos Gold presently has a consensus rating of “Hold” and a consensus target price of $14.80.

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 and silver 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.