Cerity Partners LLC Purchases Shares of 12,185 Alamos Gold Inc. (NYSE:AGI)

Cerity Partners LLC purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGIGet Rating) (TSE:AGI) during the second quarter, Holdings Channel reports. The firm purchased 12,185 shares of the basic materials company’s stock, valued at approximately $85,000.

A number of other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in Alamos Gold by 0.4% during the second quarter. Van ECK Associates Corp now owns 41,687,233 shares of the basic materials company’s stock valued at $292,644,000 after purchasing an additional 167,467 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Alamos Gold by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,820,688 shares of the basic materials company’s stock worth $107,950,000 after buying an additional 169,096 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Alamos Gold by 6.7% in the first quarter. Renaissance Technologies LLC now owns 9,177,531 shares of the basic materials company’s stock worth $77,275,000 after buying an additional 579,511 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Alamos Gold by 8.0% in the first quarter. Bank of New York Mellon Corp now owns 7,389,925 shares of the basic materials company’s stock worth $62,222,000 after buying an additional 546,152 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Alamos Gold by 0.6% in the first quarter. Invesco Ltd. now owns 3,618,108 shares of the basic materials company’s stock worth $30,465,000 after buying an additional 22,229 shares during the period. Hedge funds and other institutional investors own 50.89% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $9.75 on Thursday. Alamos Gold Inc. has a 1 year low of $6.35 and a 1 year high of $9.79. The company has a market cap of $3.83 billion, a PE ratio of 121.89, a P/E/G ratio of 4.18 and a beta of 1.02. The stock’s 50-day moving average is $7.86 and its 200 day moving average is $7.59.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last announced its quarterly earnings results on Thursday, October 27th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $213.60 million for the quarter, compared to the consensus estimate of $210.80 million. Alamos Gold had a return on equity of 4.13% and a net margin of 3.28%. Alamos Gold’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. Analysts expect that Alamos Gold Inc. will post 0.27 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Tuesday, December 6th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, December 5th. This represents a $0.10 annualized dividend and a yield of 1.03%. Alamos Gold’s payout ratio is 125.02%.

Analysts Set New Price Targets

Several research analysts have recently commented on AGI shares. National Bank Financial lifted their price objective on Alamos Gold from C$12.50 to C$13.00 in a report on Thursday, October 13th. TheStreet downgraded Alamos Gold from a “b-” rating to a “c+” rating in a report on Thursday, September 15th. Scotiabank upgraded Alamos Gold from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $10.00 to $11.00 in a report on Tuesday. Finally, StockNews.com started coverage on Alamos Gold in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.61.

About Alamos Gold

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Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc

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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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