Connor Clark & Lunn Investment Management Ltd. Has $110.66 Million Stake in Alamos Gold Inc. (NYSE:AGI)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 19.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,554,082 shares of the basic materials company’s stock after buying an additional 891,255 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 1.32% of Alamos Gold worth $110,662,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its position in shares of Alamos Gold by 131.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company’s stock valued at $1,434,000 after acquiring an additional 55,352 shares during the last quarter. National Bank of Canada FI lifted its stake in Alamos Gold by 3.4% in the first quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company’s stock valued at $21,824,000 after buying an additional 45,412 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Alamos Gold by 71.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock worth $97,183,000 after buying an additional 2,756,759 shares during the last quarter. Murphy Pohlad Asset Management LLC grew its position in shares of Alamos Gold by 81.9% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 135,870 shares of the basic materials company’s stock worth $2,130,000 after buying an additional 61,155 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Alamos Gold by 66.2% in the 1st quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock valued at $2,829,000 after acquiring an additional 76,379 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AGI shares. Jefferies Financial Group boosted their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 4th. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Royal Bank of Canada lifted their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Scotiabank increased their price target on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.06.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $18.80 on Wednesday. The company has a fifty day moving average price of $19.91 and a 200 day moving average price of $18.03. The firm has a market cap of $7.90 billion, a PE ratio of 31.33, a PEG ratio of 0.79 and a beta of 1.19. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The firm had revenue of $360.90 million for the quarter. Research analysts predict that Alamos Gold Inc. will post 0.76 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s dividend payout ratio is presently 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.