Connor Clark & Lunn Investment Management Ltd. Has $104.10 Million Stock Holdings in Alamos Gold Inc. $AGI

Connor Clark & Lunn Investment Management Ltd. reduced its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 33.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,911,470 shares of the basic materials company’s stock after selling 1,955,285 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.93% of Alamos Gold worth $104,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AGI. Cheviot Value Management LLC increased its position in Alamos Gold by 1.2% in the 1st quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company’s stock valued at $1,346,000 after buying an additional 635 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 660 shares in the last quarter. SeaBridge Investment Advisors LLC grew its stake in Alamos Gold by 10.0% in the first quarter. SeaBridge Investment Advisors LLC now owns 11,000 shares of the basic materials company’s stock valued at $294,000 after acquiring an additional 1,000 shares during the period. Brown Advisory Inc. grew its stake in Alamos Gold by 9.3% in the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company’s stock valued at $315,000 after acquiring an additional 1,000 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Alamos Gold during the second quarter valued at approximately $30,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Up 1.8%

Shares of AGI stock opened at $30.99 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 0.50 and a beta of 0.50. The company has a 50-day simple moving average of $32.81 and a two-hundred day simple moving average of $28.70. Alamos Gold Inc. has a 52-week low of $17.42 and a 52-week high of $37.54.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $462.30 million for the quarter, compared to analyst estimates of $490.96 million. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.Alamos Gold’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. Research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, September 11th. Alamos Gold’s dividend payout ratio (DPR) is 7.81%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AGI. BMO Capital Markets reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, September 16th. Wall Street Zen upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. TD Securities reiterated a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. Finally, Weiss Ratings raised shares of Alamos Gold from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $41.00.

About Alamos Gold

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.