Arrowstreet Capital Limited Partnership Grows Position in Alamos Gold Inc. (NYSE:AGI)

Arrowstreet Capital Limited Partnership lifted its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,440,153 shares of the basic materials company's stock after purchasing an additional 1,424,550 shares during the period. Arrowstreet Capital Limited Partnership owned 2.25% of Alamos Gold worth $173,991,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AGI. Blue Trust Inc. increased its position in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 856 shares in the last quarter. R Squared Ltd purchased a new position in shares of Alamos Gold during the fourth quarter valued at about $61,000. Daiwa Securities Group Inc. bought a new position in Alamos Gold in the fourth quarter worth about $136,000. Finally, XTX Topco Ltd purchased a new stake in Alamos Gold in the third quarter worth about $207,000. 64.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on AGI shares. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada lifted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday. Finally, StockNews.com downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $26.81.

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Alamos Gold Stock Down 8.7 %

Shares of Alamos Gold stock traded down $2.33 during midday trading on Friday, hitting $24.54. The company had a trading volume of 6,645,005 shares, compared to its average volume of 2,485,480. The company has a 50 day moving average of $23.76 and a 200 day moving average of $20.95. The stock has a market capitalization of $10.32 billion, a P/E ratio of 35.56, a P/E/G ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 52-week low of $14.31 and a 52-week high of $27.32. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

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 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, equities analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's payout ratio is 14.49%.

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.