Alamos Gold Inc. (NYSE:AGI) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP grew its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 37.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,191 shares of the basic materials company's stock after acquiring an additional 37,574 shares during the period. Bridgewater Associates LP's holdings in Alamos Gold were worth $2,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Baldwin Brothers LLC MA purchased a new position in Alamos Gold during the 2nd quarter valued at $47,000. Hara Capital LLC purchased a new position in Alamos Gold in the 3rd quarter worth $47,000. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold in the 2nd quarter valued at $48,000. Employees Retirement System of Texas purchased a new stake in shares of Alamos Gold in the second quarter worth about $88,000. Finally, Eastern Bank acquired a new stake in Alamos Gold in the third quarter valued at approximately $111,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Royal Bank of Canada boosted their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. National Bank Financial cut Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. Scotiabank boosted 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, StockNews.com cut Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $25.06.

Alamos Gold Stock Performance

Shares of Alamos Gold stock traded up $0.37 on Friday, reaching $18.82. 1,166,108 shares of the stock were exchanged, compared to its average volume of 2,534,051. The firm has a market capitalization of $7.91 billion, a PE ratio of 31.37, a PEG ratio of 0.76 and a beta of 1.19. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $21.45. The business has a fifty day moving average price of $19.64 and a two-hundred day moving average price of $18.21. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08.

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

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Thursday, December 5th. Alamos Gold's payout ratio is currently 16.67%.

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.