Connor Clark & Lunn Investment Management Ltd. Acquires 891,255 Shares of Alamos Gold Inc. (NYSE:AGI)

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

Several other institutional investors also recently modified their holdings of AGI. Russell Investments Group Ltd. boosted its stake in Alamos Gold by 66.2% during the first quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company's stock valued at $2,829,000 after buying an additional 76,379 shares during the period. Vanguard Group Inc. increased its stake in Alamos Gold by 1.7% in 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. O Shaughnessy Asset Management LLC grew its stake in shares of Alamos Gold by 11.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 157,438 shares of the basic materials company's stock worth $2,322,000 after acquiring an additional 16,301 shares during the last quarter. National Bank of Canada FI raised its stake in Alamos Gold by 3.4% during the first quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company's stock worth $21,824,000 after purchasing an additional 45,412 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Alamos Gold by 131.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company's stock worth $1,434,000 after buying an additional 55,352 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. National Bank Financial downgraded shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 8th. Scotiabank lifted their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Royal Bank of Canada boosted their target price 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. StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. One equities research 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, the company presently has an average rating of "Moderate Buy" and an average target price of $25.06.

Alamos Gold Trading Down 0.4 %

NYSE:AGI traded down $0.08 during trading hours on Wednesday, hitting $18.71. The stock had a trading volume of 1,236,856 shares, compared to its average volume of 2,370,622. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The business's 50 day moving average is $19.91 and its 200-day moving average is $18.05. Alamos Gold Inc. has a one year low of $11.24 and a one year high of $21.45. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 0.79 and a beta of 1.19.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts anticipate that Alamos Gold Inc. will post 0.76 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced 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 annualized dividend 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 currently 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.