Bridgewater Associates LP Buys 37,574 Shares of Alamos Gold Inc. (NYSE:AGI)

Bridgewater Associates LP boosted its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 37.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,191 shares of the basic materials company’s stock after acquiring an additional 37,574 shares during the quarter. Bridgewater Associates LP’s holdings in Alamos Gold were worth $2,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AGI. Mackenzie Financial Corp lifted its holdings in shares of Alamos Gold by 147.6% in the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after purchasing an additional 4,521,282 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Alamos Gold by 79.3% during the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock worth $97,336,000 after acquiring an additional 2,149,915 shares in the last quarter. FMR LLC raised its holdings in shares of Alamos Gold by 50.8% in the third 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 during the last quarter. Triasima Portfolio Management inc. lifted its position in shares of Alamos Gold by 328.2% in the second quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company’s stock worth $21,779,000 after purchasing an additional 1,064,629 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Alamos Gold by 31.9% during the second quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock worth $68,576,000 after purchasing an additional 1,058,000 shares during the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on AGI shares. Royal Bank of Canada boosted their price target on shares of 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 downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group raised their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Scotiabank upped their price target on shares of 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 research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.06.

Alamos Gold Stock Up 2.0 %

AGI stock opened at $18.82 on Friday. The business’s 50 day simple moving average is $19.64 and its 200 day simple moving average is $18.21. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $21.45. The firm has a market capitalization of $7.91 billion, a PE ratio of 31.37, a PEG ratio of 0.74 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 (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 the consensus estimate of $0.22 by ($0.03). The company 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%. As a group, research analysts anticipate that Alamos Gold Inc. will post 0.77 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.53%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Alamos Gold Profile

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.