OMERS ADMINISTRATION Corp Makes New $508,000 Investment in Alamos Gold Inc. $AGI

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 stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,000 shares of the basic materials company's stock, valued at approximately $508,000.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Alamos Gold in the 1st quarter worth approximately $320,000. Brown Advisory Inc. raised its position in shares of Alamos Gold by 9.3% in the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock worth $315,000 after acquiring an additional 1,000 shares in the last quarter. LBP AM SA bought a new position in shares of Alamos Gold in the 1st quarter worth approximately $1,155,000. Goehring & Rozencwajg Associates LLC raised its position in shares of Alamos Gold by 2.3% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,223,257 shares of the basic materials company's stock worth $31,915,000 after acquiring an additional 27,032 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Alamos Gold by 5.3% in the 4th quarter. Deutsche Bank AG now owns 171,943 shares of the basic materials company's stock worth $3,171,000 after acquiring an additional 8,681 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Performance

NYSE AGI traded up $0.50 on Monday, hitting $32.69. 727,372 shares of the company traded hands, compared to its average volume of 3,444,816. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 39.31, a P/E/G ratio of 0.70 and a beta of 0.55. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The business's 50 day moving average price is $27.05 and its 200-day moving average price is $26.45. Alamos Gold Inc. has a 52-week low of $17.42 and a 52-week high of $32.92.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $438.20 million for the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.Alamos Gold's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. Equities analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold's dividend payout ratio (DPR) is currently 12.05%.

Analyst Ratings Changes

AGI has been the topic of several recent research reports. Stifel Nicolaus initiated coverage on Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, CIBC restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Alamos Gold has a consensus rating of "Buy" and an average target price of $30.38.

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.