24,561 Shares in Alamos Gold Inc. (NYSE:AGI) Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,561 shares of the basic materials company’s stock, valued at approximately $490,000.

Several other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in shares of Alamos Gold by 147.6% during the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after purchasing an additional 4,521,282 shares during the period. FMR LLC lifted its holdings in Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock valued at $110,662,000 after buying an additional 891,255 shares during the period. CIBC Asset Management Inc boosted its position in Alamos Gold by 79.3% in the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after buying an additional 2,149,915 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Alamos Gold by 31.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock worth $68,576,000 after acquiring an additional 1,058,000 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Up 2.0 %

AGI opened at $18.82 on Friday. The stock has a fifty day moving average price of $19.64 and a 200-day moving average price of $18.19. Alamos Gold Inc. has a 12 month low of $11.24 and a 12 month high of $21.45. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 0.74 and a beta of 1.19.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The firm had revenue of $360.90 million for the quarter. As a group, equities research analysts anticipate that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s payout ratio is presently 16.67%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AGI shares. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group raised their price target on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Scotiabank upped their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, National Bank Financial downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alamos Gold has an average rating of “Moderate Buy” and a consensus target price of $25.06.

Alamos Gold Company 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 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.