Northwest & Ethical Investments L.P. Raises Holdings in Alamos Gold Inc. (NYSE:AGI)

Northwest & Ethical Investments L.P. grew its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,073 shares of the basic materials company’s stock after buying an additional 2,490 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Alamos Gold were worth $775,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Old West Investment Management LLC lifted its holdings in Alamos Gold by 11.0% during the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after purchasing an additional 48,128 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Alamos Gold during the 3rd quarter worth about $258,000. Natixis Advisors LLC lifted its holdings in Alamos Gold by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after purchasing an additional 531 shares in the last quarter. Swiss National Bank lifted its holdings in Alamos Gold by 4.9% during the 3rd quarter. Swiss National Bank now owns 825,036 shares of the basic materials company’s stock worth $16,467,000 after purchasing an additional 38,600 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in Alamos Gold by 101.5% during the 3rd quarter. Cerity Partners LLC now owns 23,173 shares of the basic materials company’s stock worth $462,000 after purchasing an additional 11,674 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $26.06 on Friday. The firm has a market capitalization of $10.95 billion, a P/E ratio of 37.76, a P/E/G ratio of 0.40 and a beta of 1.15. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The stock’s 50-day simple moving average is $22.46 and its two-hundred day simple moving average is $20.45. Alamos Gold Inc. has a twelve month low of $13.44 and a twelve month high of $26.35.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, equities analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $26.06.

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 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.