Aigen Investment Management LP Purchases New Shares in Alamos Gold Inc. (NYSE:AGI)

Aigen Investment Management LP purchased a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 62,182 shares of the basic materials company's stock, valued at approximately $1,147,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AGI. Blue Trust Inc. boosted its holdings in 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. boosted its holdings 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 acquiring an additional 856 shares during the period. Hara Capital LLC purchased a new position in shares of Alamos Gold during the 3rd quarter valued at approximately $47,000. R Squared Ltd purchased a new position in shares of Alamos Gold during the 4th quarter valued at approximately $61,000. Finally, Plato Investment Management Ltd purchased a new position in shares of Alamos Gold during the 3rd quarter valued at approximately $147,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AGI. Royal Bank of Canada increased their target price on Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. National Bank Financial upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $26.06.

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Alamos Gold Stock Performance

NYSE AGI traded down $0.03 during trading hours on Friday, hitting $23.87. The company had a trading volume of 5,152,527 shares, compared to its average volume of 2,284,970. Alamos Gold Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $24.59. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $21.21 and a 200-day simple moving average of $20.06. The firm has a market cap of $10.03 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Equities analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.42%. Alamos Gold's dividend payout ratio is currently 14.49%.

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.