CIBC Asset Management Inc Grows Holdings in Alamos Gold Inc. (AGI)

CIBC Asset Management Inc raised its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 224.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,971,601 shares of the basic materials company’s stock after purchasing an additional 2,054,659 shares during the period. CIBC Asset Management Inc owned 0.99% of Alamos Gold worth $20,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in shares of Alamos Gold by 37.1% during the 1st quarter. Legal & General Group Plc now owns 28,798 shares of the basic materials company’s stock valued at $231,000 after buying an additional 7,800 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Alamos Gold by 19.1% during the 1st quarter. Vanguard Group Inc. now owns 5,749,119 shares of the basic materials company’s stock valued at $46,166,000 after buying an additional 922,329 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Alamos Gold by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 507,684 shares of the basic materials company’s stock valued at $4,077,000 after buying an additional 2,198 shares in the last quarter. Bank of America Corp DE raised its position in shares of Alamos Gold by 79.6% during the 1st quarter. Bank of America Corp DE now owns 318,624 shares of the basic materials company’s stock valued at $2,559,000 after buying an additional 141,206 shares in the last quarter. Finally, Credit Suisse AG raised its position in Alamos Gold by 37.1% in the 1st quarter. Credit Suisse AG now owns 294,600 shares of the basic materials company’s stock worth $2,366,000 after purchasing an additional 79,722 shares during the period. 63.26% of the stock is owned by institutional investors and hedge funds.

Shares of Alamos Gold Inc. (AGI) traded down $0.05 on Tuesday, reaching $6.21. 1,091,100 shares of the company’s stock traded hands, compared to its average volume of 2,726,852. The firm has a market capitalization of $1,882.09, a P/E ratio of 104.33 and a beta of 0.46. Alamos Gold Inc. has a 52 week low of $5.95 and a 52 week high of $9.00.

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were issued a $0.01 dividend. The ex-dividend date was Friday, October 13th. This represents a dividend yield of 0.3%. Alamos Gold’s dividend payout ratio is currently 100.00%.

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A number of analysts recently weighed in on AGI shares. ValuEngine lowered shares of Alamos Gold from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Royal Bank Of Canada restated a “hold” rating and issued a $9.00 target price on shares of Alamos Gold in a research note on Wednesday, August 2nd. National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd. BidaskClub upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.50.

Alamos Gold Profile

Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.

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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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