19,000 Shares in Alamos Gold Inc. $AGI Bought by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp acquired 19,000 shares of Alamos Gold Inc. valued at approximately $508,000 during the first quarter, marking a new investment in the company.
• Alamos Gold recently reported $0.34 EPS for the quarter, exceeding analysts' expectations, with revenue reaching $438.20 million, up 31.7% year-over-year.
• A quarterly dividend of $0.025 per share was announced, with an upcoming payment date of September 25th, reflecting a dividend yield of 0.3%.

OMERS ADMINISTRATION Corp purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,000 shares of the basic materials company's stock, valued at approximately $508,000.

Other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in shares of Alamos Gold during the first quarter worth approximately $41,000. SBI Securities Co. Ltd. boosted its holdings in shares of Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after purchasing an additional 660 shares during the period. SVB Wealth LLC acquired a new stake in shares of Alamos Gold during the first quarter worth approximately $67,000. Banque Cantonale Vaudoise acquired a new stake in shares of Alamos Gold during the first quarter worth approximately $68,000. Finally, NBT Bank N A NY acquired a new stake in shares of Alamos Gold during the first quarter worth approximately $190,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on AGI. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. CIBC reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Finally, National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Stock Performance

Shares of Alamos Gold stock traded up $0.66 on Friday, reaching $32.21. The stock had a trading volume of 2,933,621 shares, compared to its average volume of 3,107,608. The business's 50-day moving average price is $27.05 and its two-hundred day moving average price is $26.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $32.50. The stock has a market cap of $13.54 billion, a P/E ratio of 38.81, a price-to-earnings-growth ratio of 0.70 and a beta of 0.55.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The business had revenue of $438.20 million during the quarter, compared to analysts' expectations of $400.61 million. During the same period in the previous year, the company earned $0.24 earnings per share. Alamos Gold's revenue for the quarter was up 31.7% on a year-over-year basis. On average, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold's payout ratio is presently 12.05%.

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.