Canada Pension Plan Investment Board Grows Position in Alamos Gold Inc. (NYSE:AGI)

Canada Pension Plan Investment Board boosted its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 41.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,306,764 shares of the basic materials company's stock after buying an additional 385,576 shares during the quarter. Canada Pension Plan Investment Board owned 0.31% of Alamos Gold worth $24,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AGI. Blue Trust Inc. lifted its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after buying an additional 856 shares during the last quarter. R Squared Ltd bought a new stake in shares of Alamos Gold in the fourth quarter worth $61,000. Cutler Capital Management LLC purchased a new stake in Alamos Gold during the fourth quarter valued at $108,000. Finally, Daiwa Securities Group Inc. purchased a new position in Alamos Gold in the fourth quarter worth about $136,000. Institutional investors own 64.33% of the company's stock.

Analysts Set New Price Targets

AGI has been the subject of several recent research reports. StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Bank of America cut their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada boosted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alamos Gold has an average rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Trading Down 1.2 %

AGI stock traded down $0.33 during mid-day trading on Friday, reaching $27.94. The company had a trading volume of 1,120,428 shares, compared to its average volume of 2,551,436. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The firm has a 50 day moving average of $25.72 and a 200 day moving average of $21.79. The company has a market capitalization of $11.75 billion, a PE ratio of 40.46, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. Alamos Gold Inc. has a 12 month low of $14.31 and a 12 month high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. On average, equities analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.36%. Alamos Gold's payout ratio is 14.49%.

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.