Public Employees Retirement System of Ohio Sells 88,479 Shares of Alamos Gold Inc. $AGI

Key Points

• The Public Employees Retirement System of Ohio has reduced its holdings in Alamos Gold Inc. by 55.2%, selling 88,479 shares and now owning 71,894 shares valued at approximately $1.91 million.
• Alamos Gold reported a 31.7% increase in revenue year-over-year for its most recent quarter, posting $438.2 million and exceeding analysts' expectations.
• The company has a current average rating of Buy from analysts, with a target price set at $31.17.

Public Employees Retirement System of Ohio reduced its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 55.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,894 shares of the basic materials company's stock after selling 88,479 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Alamos Gold were worth $1,909,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC raised its stake in Alamos Gold by 0.3% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock worth $4,269,000 after buying an additional 500 shares during the period. Cheviot Value Management LLC raised its stake in Alamos Gold by 1.2% during the 1st quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company's stock worth $1,346,000 after buying an additional 635 shares during the period. SBI Securities Co. Ltd. raised its stake in Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after buying an additional 660 shares during the period. Brown Advisory Inc. raised its stake in Alamos Gold by 9.3% during the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock worth $315,000 after buying an additional 1,000 shares during the period. Finally, SeaBridge Investment Advisors LLC raised its stake in Alamos Gold by 10.0% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 11,000 shares of the basic materials company's stock worth $294,000 after buying an additional 1,000 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Alamos Gold stock opened at $34.00 on Friday. Alamos Gold Inc. has a one year low of $17.42 and a one year high of $35.61. The business has a fifty day moving average price of $29.82 and a 200-day moving average price of $27.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. The firm has a market capitalization of $14.30 billion, a P/E ratio of 40.96, a PEG ratio of 0.70 and a beta of 0.50.

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

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were given 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 was Thursday, September 11th. Alamos Gold's dividend payout ratio (DPR) is 12.05%.

Analysts Set New Price Targets

Several brokerages have recently commented on AGI. CIBC reissued an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Stifel Nicolaus began coverage on Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating for the company. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research note on Friday. National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Finally, Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $31.17.

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.

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