70,684 Shares in Alamos Gold Inc. $AGI Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,684 shares of the basic materials company’s stock, valued at approximately $2,144,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its position in shares of Alamos Gold by 11.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock valued at $351,072,000 after acquiring an additional 964,317 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Alamos Gold by 6.3% in the 4th quarter. CIBC Asset Management Inc now owns 8,716,153 shares of the basic materials company’s stock valued at $338,372,000 after purchasing an additional 514,819 shares during the period. Norges Bank acquired a new stake in Alamos Gold in the 4th quarter valued at about $219,475,000. Renaissance Technologies LLC lifted its stake in Alamos Gold by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 5,118,171 shares of the basic materials company’s stock valued at $227,400,000 after purchasing an additional 92,227 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Alamos Gold by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 4,219,852 shares of the basic materials company’s stock worth $168,031,000 after purchasing an additional 242,415 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Down 0.0%

Alamos Gold stock opened at $36.96 on Monday. The company’s 50-day moving average price is $32.16 and its two-hundred day moving average price is $39.05. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.04. The stock has a market cap of $15.47 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.50 and a beta of 0.61. Alamos Gold Inc. has a twelve month low of $27.05 and a twelve month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The company had revenue of $594.10 million during the quarter, compared to analysts’ expectations of $593.58 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business’s revenue was up 35.6% on a year-over-year basis. As a group, analysts expect that Alamos Gold Inc. will post 2.12 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. Alamos Gold’s dividend payout ratio (DPR) is presently 5.78%.

Analyst Ratings Changes

AGI has been the topic of a number of recent analyst reports. Bank of America lowered their price target on Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group reduced their target price on Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Finally, Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alamos Gold currently has an average rating of “Moderate Buy” and a consensus target price of $47.50.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.