Public Employees Retirement System of Ohio Purchases New Position in Alamos Gold Inc. (NYSE:AGI)

Public Employees Retirement System of Ohio acquired a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 230,990 shares of the basic materials company's stock, valued at approximately $4,260,000. Public Employees Retirement System of Ohio owned about 0.05% of Alamos Gold as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 1,157 shares during the period. R Squared Ltd bought a new stake in Alamos Gold during the fourth quarter valued at about $61,000. Cutler Capital Management LLC purchased a new stake in Alamos Gold in the fourth quarter worth about $108,000. Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold during the 4th quarter valued at $136,000. Finally, Coppell Advisory Solutions LLC boosted its holdings in Alamos Gold by 14.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock worth $181,000 after buying an additional 1,260 shares during the period. Institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Down 1.5%

Shares of NYSE AGI traded down $0.40 during midday trading on Tuesday, reaching $26.95. 4,060,815 shares of the company's stock traded hands, compared to its average volume of 2,770,470. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 39.06, a P/E/G ratio of 0.40 and a beta of 0.60. The stock's 50 day simple moving average is $26.74 and its 200-day simple moving average is $23.04. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a one year low of $15.01 and a one year high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business's quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 earnings per share. On average, analysts predict 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. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.37%. The ex-dividend date is Thursday, June 12th. Alamos Gold's payout ratio is 16.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AGI shares. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Bank of America decreased their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Royal Bank of Canada lifted their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.