Healthcare of Ontario Pension Plan Trust Fund Buys New Shares in 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) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 112,497 shares of the basic materials company’s stock, valued at approximately $5,003,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Alamos Gold by 1.9% in the 4th 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 during the period. Arrowstreet Capital Limited Partnership grew its stake in 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 worth $351,072,000 after purchasing an additional 964,317 shares during the period. CIBC Asset Management Inc grew its stake 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 purchasing an additional 514,819 shares during the period. Norges Bank bought a new stake in Alamos Gold in the fourth quarter worth approximately $219,475,000. Finally, Renaissance Technologies LLC increased its holdings in Alamos Gold by 1.8% in the first quarter. Renaissance Technologies LLC now owns 5,118,171 shares of the basic materials company’s stock worth $227,400,000 after purchasing an additional 92,227 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AGI. Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Jefferies Financial Group lowered their price objective on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Weiss Ratings lowered shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Bank of America reduced their price target on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce reaffirmed 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.50.

Alamos Gold Trading Down 0.9%

Shares of Alamos Gold stock opened at $28.52 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01. Alamos Gold Inc. has a 52 week low of $23.92 and a 52 week high of $55.41. The stock has a 50 day moving average price of $33.27 and a two-hundred day moving average price of $40.47. The stock has a market capitalization of $11.94 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.37 and a beta of 0.55.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its 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. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The company had revenue of $594.10 million for the quarter, compared to analyst estimates of $593.58 million. During the same period in the prior year, the firm earned $0.34 earnings per share. Alamos Gold’s revenue for the quarter was up 35.6% on a year-over-year basis. As a group, equities analysts anticipate that Alamos Gold Inc. will post 2.19 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

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