Louisbourg Investments Inc. Purchases Shares of 120,500 Alamos Gold Inc. (NYSE:AGI)

Louisbourg Investments Inc. acquired a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 120,500 shares of the basic materials company's stock, valued at approximately $3,223,000.

Several other large investors have also modified their holdings of AGI. Dimensional Fund Advisors LP raised its holdings in shares of Alamos Gold by 296.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock worth $136,011,000 after buying an additional 5,516,186 shares during the period. Norges Bank bought a new position in Alamos Gold in the 4th quarter valued at $100,694,000. CIBC Asset Management Inc increased its stake in Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Alamos Gold during the fourth quarter worth $28,950,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Alamos Gold by 17.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock worth $173,991,000 after purchasing an additional 1,424,550 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their price target 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. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Finally, Bank of America cut their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.38.

Alamos Gold Stock Down 0.9%

Shares of NYSE:AGI traded down $0.24 during trading on Friday, reaching $26.46. The stock had a trading volume of 5,741,980 shares, compared to its average volume of 3,490,244. The firm's 50-day simple moving average is $26.97 and its 200 day simple moving average is $23.71. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a one year low of $15.35 and a one year high of $31.00. The company has a market capitalization of $11.12 billion, a P/E ratio of 42.67, a PEG ratio of 0.64 and a beta of 0.55.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The firm had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. During the same quarter last year, the business earned $0.13 earnings per share. Alamos Gold's revenue was up 20.0% on a year-over-year basis. As a group, research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a $0.025 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold's payout ratio is 16.13%.

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.