Generate Investment Management Ltd Grows Position in Alamos Gold Inc. (NYSE:AGI)

Generate Investment Management Ltd raised its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 120.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 818,945 shares of the basic materials company’s stock after acquiring an additional 448,074 shares during the quarter. Generate Investment Management Ltd’s holdings in Alamos Gold were worth $15,101,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after purchasing an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Alamos Gold by 19.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock valued at $110,662,000 after buying an additional 891,255 shares during the last quarter. CIBC Asset Management Inc raised its stake in Alamos Gold by 79.3% in the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after buying an additional 2,149,915 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Alamos Gold by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock worth $41,205,000 after buying an additional 38,913 shares during the last quarter. Finally, Addenda Capital Inc. acquired a new position in shares of Alamos Gold during the 4th quarter worth about $34,869,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AGI has been the topic of several research analyst reports. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Stock Down 0.4 %

Alamos Gold stock opened at $22.25 on Friday. The company has a market capitalization of $9.35 billion, a P/E ratio of 37.08, a PEG ratio of 0.62 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $22.62. The stock has a 50-day simple moving average of $19.41 and a 200-day simple moving average of $19.23.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $360.90 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. Equities research analysts expect that Alamos Gold Inc. will post 0.81 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.025 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.45%. Alamos Gold’s dividend payout ratio (DPR) is 16.67%.

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.