Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 112,497 Alamos Gold Inc. $AGI

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 112,497 shares of the basic materials company’s stock, valued at approximately $5,003,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Alamos Gold by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock valued at $678,291,000 after purchasing an additional 332,335 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Alamos Gold by 11.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock valued at $351,072,000 after buying an additional 964,317 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Alamos Gold by 6.3% during the fourth quarter. CIBC Asset Management Inc now owns 8,716,153 shares of the basic materials company’s stock worth $338,372,000 after buying an additional 514,819 shares in the last quarter. Norges Bank bought a new stake in Alamos Gold during the fourth quarter worth $219,475,000. Finally, Renaissance Technologies LLC raised its position in Alamos Gold by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 5,118,171 shares of the basic materials company’s stock valued at $227,400,000 after buying an additional 92,227 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Trading Down 0.9%

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

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $594.10 million for the quarter, compared to the consensus estimate of $593.58 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. Equities research analysts anticipate that Alamos Gold Inc. will post 2.19 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s dividend payout ratio is currently 6.37%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AGI. Bank of America dropped their price objective on Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Jefferies Financial Group dropped their price target on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Weiss Ratings cut shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Alamos Gold has an average rating of “Moderate Buy” and an average target price of $47.50.

About Alamos Gold

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.