Alamos Gold Inc. (NYSE:AGI) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc increased its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 59.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,726,726 shares of the basic materials company's stock after buying an additional 2,867,027 shares during the quarter. CIBC Asset Management Inc owned about 1.84% of Alamos Gold worth $142,936,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in shares of Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after purchasing an additional 856 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of Alamos Gold in the third quarter valued at approximately $47,000. R Squared Ltd bought a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $61,000. Finally, Eastern Bank acquired a new position in shares of Alamos Gold during the third quarter worth approximately $111,000. 64.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AGI has been the topic of several analyst reports. National Bank Financial upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Finally, StockNews.com lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $26.06.

Alamos Gold Price Performance

Shares of Alamos Gold stock traded up $0.07 during trading on Wednesday, hitting $22.77. The stock had a trading volume of 1,404,902 shares, compared to its average volume of 2,190,094. The business has a fifty day moving average of $19.96 and a two-hundred day moving average of $19.56. Alamos Gold Inc. has a fifty-two week low of $11.34 and a fifty-two week high of $23.32. The firm has a market cap of $9.57 billion, a P/E ratio of 37.91, a PEG ratio of 0.38 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.44%. Alamos Gold's dividend payout ratio is currently 16.67%.

Alamos Gold Company 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.