The Manufacturers Life Insurance Company Purchases 38,913 Shares of Alamos Gold Inc. (NYSE:AGI)

The Manufacturers Life Insurance Company grew its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,066,428 shares of the basic materials company’s stock after buying an additional 38,913 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.49% of Alamos Gold worth $41,205,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AGI. Vanguard Group Inc. increased its position in Alamos Gold by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company’s stock worth $216,371,000 after buying an additional 250,207 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Alamos Gold by 131.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company’s stock worth $1,434,000 after purchasing an additional 55,352 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Alamos Gold by 76.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 105,000 shares of the basic materials company’s stock worth $1,528,000 after purchasing an additional 45,614 shares during the period. Baldwin Brothers LLC MA bought a new position in shares of Alamos Gold in the second quarter worth $47,000. Finally, Murphy Pohlad Asset Management LLC increased its position in shares of Alamos Gold by 81.9% in the second quarter. Murphy Pohlad Asset Management LLC now owns 135,870 shares of the basic materials company’s stock worth $2,130,000 after purchasing an additional 61,155 shares during the period. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Alamos Gold Stock Performance

NYSE:AGI opened at $18.45 on Friday. The stock’s 50-day simple moving average is $19.68 and its 200 day simple moving average is $18.17. The firm has a market capitalization of $7.75 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 0.83 and a beta of 1.19. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a twelve month low of $11.24 and a twelve month high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released 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). The business 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%. On average, analysts anticipate that Alamos Gold Inc. will post 0.76 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s payout ratio 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.