Alamos Gold Inc. (NYSE:AGI) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,534,253 shares of the basic materials company's stock after acquiring an additional 318,360 shares during the quarter. Renaissance Technologies LLC owned 1.79% of Alamos Gold worth $138,932,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Old West Investment Management LLC boosted its position in shares of Alamos Gold by 11.0% during the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company's stock worth $9,689,000 after buying an additional 48,128 shares during the period. Cerity Partners LLC grew its position in Alamos Gold by 101.5% in the 3rd quarter. Cerity Partners LLC now owns 23,173 shares of the basic materials company's stock valued at $462,000 after acquiring an additional 11,674 shares in the last quarter. Captrust Financial Advisors increased its stake in Alamos Gold by 4.0% during 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 period. Verition Fund Management LLC acquired a new stake in shares of Alamos Gold during the third quarter worth about $545,000. Finally, National Bank of Canada FI boosted its stake in shares of Alamos Gold by 18.4% in the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company's stock valued at $30,492,000 after purchasing an additional 237,278 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.

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Alamos Gold Stock Up 4.4 %

Alamos Gold stock traded up $1.22 during midday trading on Friday, reaching $29.19. The company's stock had a trading volume of 6,016,646 shares, compared to its average volume of 2,520,099. The company has a market cap of $12.27 billion, a P/E ratio of 42.30, a P/E/G ratio of 0.40 and a beta of 1.02. 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 50-day simple moving average of $24.51 and a 200-day simple moving average of $21.23. Alamos Gold Inc. has a fifty-two week low of $14.31 and a fifty-two week high of $29.99.

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

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. Alamos Gold's dividend payout ratio is presently 14.49%.

Analysts Set New Price Targets

AGI has been the topic of several recent research reports. Royal Bank of Canada upped their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Bank of America reduced their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com upgraded Alamos Gold from a "hold" rating to a "buy" rating in a report on Sunday, April 6th. Finally, National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Alamos Gold has a consensus rating of "Buy" and a consensus target price of $27.63.

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.