74,551 Shares in Alamos Gold Inc. (NYSE:AGI) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 74,551 shares of the basic materials company's stock, valued at approximately $1,486,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AGI. Mackenzie Financial Corp increased its holdings in shares of Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock valued at $119,003,000 after acquiring an additional 4,521,282 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Alamos Gold by 71.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company's stock valued at $97,183,000 after purchasing an additional 2,756,759 shares during the period. CIBC Asset Management Inc lifted its stake in shares of 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 worth $97,336,000 after buying an additional 2,149,915 shares during the last quarter. Triasima Portfolio Management inc. boosted its holdings in shares of Alamos Gold by 328.2% during the 2nd quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company's stock worth $21,779,000 after buying an additional 1,064,629 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Alamos Gold by 31.9% during the 2nd 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 buying an additional 1,058,000 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Scotiabank lifted their target price on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. National Bank Financial cut Alamos Gold from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 8th. StockNews.com downgraded Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group lifted 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. Finally, Royal Bank of Canada increased their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of "Moderate Buy" and an average price target of $25.06.

Alamos Gold Stock Performance

AGI stock traded up $0.08 during trading on Tuesday, reaching $18.38. 2,000,226 shares of the stock were exchanged, compared to its average volume of 2,369,161. Alamos Gold Inc. has a twelve month low of $11.24 and a twelve month high of $21.45. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.72 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.19. The stock has a 50 day simple moving average of $19.75 and a 200-day simple moving average of $18.17.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced 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 firm had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. As a group, sell-side analysts anticipate that Alamos Gold Inc. will post 0.76 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, December 5th. 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.