BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 87,438 Shares of Alamos Gold Inc. $AGI

Key Points

• British Columbia Investment Management Corp has increased its holdings in Alamos Gold Inc. by 29.2%, acquiring an additional 87,438 shares, bringing its total to 387,022 shares worth approximately $10.34 million.
• Alamos Gold reported a quarterly earnings per share (EPS) of $0.34, exceeding estimates and reflecting a year-over-year revenue increase of 31.7% to $438.20 million.
• The company recently announced a quarterly dividend of $0.025 per share, with a dividend yield of 0.4% and a payout ratio of 12.05%.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 29.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 387,022 shares of the basic materials company's stock after purchasing an additional 87,438 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.09% of Alamos Gold worth $10,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in AGI. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Alamos Gold during the 1st quarter valued at $320,000. Brown Advisory Inc. boosted its position in Alamos Gold by 9.3% during the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock valued at $315,000 after purchasing an additional 1,000 shares during the last quarter. LBP AM SA purchased a new position in Alamos Gold in the first quarter valued at about $1,155,000. Goehring & Rozencwajg Associates LLC grew its stake in Alamos Gold by 2.3% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,223,257 shares of the basic materials company's stock valued at $31,915,000 after purchasing an additional 27,032 shares in the last quarter. Finally, Deutsche Bank AG increased its position in 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 purchasing an additional 8,681 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AGI shares. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. CIBC reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Stifel Nicolaus assumed coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Alamos Gold currently has a consensus rating of "Buy" and an average target price of $30.38.

Alamos Gold Stock Performance

Shares of NYSE:AGI traded up $0.85 during midday trading on Friday, hitting $30.50. The company's stock had a trading volume of 2,050,838 shares, compared to its average volume of 3,431,153. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. The stock's 50 day simple moving average is $26.41 and its 200 day simple moving average is $26.04. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 0.65 and a beta of 0.51. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced 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 firm had revenue of $438.20 million during 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%.The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. As a group, research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business 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. The ex-dividend date is Thursday, September 11th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Alamos Gold's dividend payout ratio (DPR) is presently 12.05%.

About Alamos Gold

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.