OMERS ADMINISTRATION Corp Invests $1.37 Million in Alamos Gold Inc. $AGI

OMERS ADMINISTRATION Corp bought a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,800 shares of the basic materials company’s stock, valued at approximately $1,366,000.

A number of other institutional investors have also recently made changes to their positions in AGI. Atlantic Union Bankshares Corp purchased a new position in Alamos Gold in the fourth quarter worth about $25,000. Clearstead Advisors LLC raised its position in Alamos Gold by 62.7% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Alamos Gold by 44.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. Parallel Advisors LLC purchased a new position in shares of Alamos Gold in the 1st quarter worth approximately $35,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Alamos Gold in the 4th quarter worth approximately $44,000. Institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AGI. Bank of America decreased their price target on Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Wall Street Zen upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Royal Bank Of Canada reduced their target price on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Alamos Gold Price Performance

AGI opened at $28.52 on Thursday. The business has a fifty day moving average of $33.27 and a 200 day moving average of $40.47. Alamos Gold Inc. has a 52-week low of $23.92 and a 52-week high of $55.41. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The stock has a market cap of $11.94 billion, a P/E ratio of 11.36, a PEG ratio of 0.37 and a beta of 0.55.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $593.58 million. During the same quarter in the prior year, the company posted $0.34 EPS. Alamos Gold’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Alamos Gold Inc. will post 2.19 EPS for the current year.

Alamos Gold Dividend Announcement

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

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.