Virtu Financial LLC Purchases New Shares in Alamos Gold Inc. (NYSE:AGI)

Virtu Financial LLC bought a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,323 shares of the basic materials company's stock, valued at approximately $724,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its position in shares of Alamos Gold by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company's stock valued at $552,000 after buying an additional 531 shares in the last quarter. Captrust Financial Advisors lifted its stake in Alamos Gold by 4.0% in the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company's stock worth $375,000 after purchasing an additional 728 shares during the last quarter. Foundation Resource Management Inc. boosted its position in shares of Alamos Gold by 3.0% during the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company's stock valued at $826,000 after buying an additional 1,190 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Alamos Gold by 3.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company's stock valued at $609,000 after buying an additional 1,282 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Alamos Gold by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company's stock worth $1,042,000 after buying an additional 1,654 shares during the period. 64.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AGI. National Bank Financial upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. StockNews.com cut shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Scotiabank upped their target price 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. Finally, Jefferies Financial Group lifted their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $25.06.

Alamos Gold Stock Down 2.3 %

NYSE AGI traded down $0.44 during trading on Friday, reaching $19.11. 2,235,216 shares of the company's stock traded hands, compared to its average volume of 2,339,976. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The company's 50 day simple moving average is $19.47 and its two-hundred day simple moving average is $18.40.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Thursday, December 5th. Alamos Gold's dividend payout ratio (DPR) 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.