Cinctive Capital Management LP Acquires New Position in Alamos Gold Inc. (NYSE:AGI)

Cinctive Capital Management LP purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 175,770 shares of the basic materials company's stock, valued at approximately $3,241,000.

A number of other large investors have also added to or reduced their stakes in the company. Trexquant Investment LP lifted its holdings in Alamos Gold by 54.2% in the 4th quarter. Trexquant Investment LP now owns 192,787 shares of the basic materials company's stock worth $3,555,000 after buying an additional 67,743 shares during the period. Geode Capital Management LLC raised its holdings in shares of Alamos Gold by 36.3% during the fourth quarter. Geode Capital Management LLC now owns 408,434 shares of the basic materials company's stock valued at $7,532,000 after acquiring an additional 108,822 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in Alamos Gold by 130.6% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 90,994 shares of the basic materials company's stock worth $1,677,000 after acquiring an additional 51,533 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Alamos Gold by 17.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock worth $173,991,000 after acquiring an additional 1,424,550 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in Alamos Gold in the fourth quarter valued at $711,000. Institutional investors own 64.33% of the company's stock.

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Analysts Set New Price Targets

Several research firms have recently commented on AGI. Royal Bank of Canada raised their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America cut their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a research report on Sunday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $27.63.

Alamos Gold Stock Up 3.6 %

Shares of Alamos Gold stock traded up $0.88 during trading on Tuesday, hitting $25.41. The company's stock had a trading volume of 1,270,113 shares, compared to its average volume of 2,491,059. 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. The company has a fifty day simple moving average of $23.84 and a two-hundred day simple moving average of $20.99. The company has a market capitalization of $10.68 billion, a PE ratio of 36.74, a P/E/G ratio of 0.40 and a beta of 1.02.

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

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Thursday, March 13th. Alamos Gold's payout ratio is 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.