Generate Investment Management Ltd Buys New Shares in Alamos Gold Inc. (NYSE:AGI)

Generate Investment Management Ltd purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 370,871 shares of the basic materials company's stock, valued at approximately $7,395,000. Generate Investment Management Ltd owned approximately 0.09% of Alamos Gold at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Baldwin Brothers LLC MA purchased a new stake in Alamos Gold in the 2nd quarter valued at about $47,000. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold during the second quarter valued at approximately $48,000. Employees Retirement System of Texas bought a new stake in Alamos Gold during the second quarter worth $88,000. St. Johns Investment Management Company LLC bought a new position in Alamos Gold in the 1st quarter valued at $115,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Alamos Gold during the 1st quarter valued at $203,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Price Performance

Shares of Alamos Gold stock traded up $0.92 during trading hours on Friday, reaching $20.99. The company had a trading volume of 3,030,930 shares, compared to its average volume of 2,351,339. The firm has a market cap of $8.38 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 0.86 and a beta of 1.18. Alamos Gold Inc. has a one year low of $11.24 and a one year high of $21.42. The business has a fifty day simple moving average of $19.59 and a 200 day simple moving average of $17.31.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The business had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The company's quarterly revenue was up 27.4% compared to the same quarter last year. On average, research analysts forecast that Alamos Gold Inc. will post 0.75 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold's payout ratio is 19.23%.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of research analyst reports. StockNews.com raised shares of Alamos Gold from a "buy" rating to a "strong-buy" rating in a report on Monday, October 14th. Jefferies Financial Group raised their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Royal Bank of Canada upped their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Scotiabank boosted their target price on Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Finally, National Bank Financial cut Alamos Gold from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 8th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.06.

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.