Magnetar Financial LLC bought a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,886 shares of the basic materials company's stock, valued at approximately $625,000.
Other large investors also recently modified their holdings of the company. Natixis Advisors LLC grew its holdings in Alamos Gold by 2.0% during the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company's stock valued at $552,000 after purchasing an additional 531 shares during the period. Veracity Capital LLC increased its stake in shares of Alamos Gold by 3.2% in the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock worth $416,000 after purchasing an additional 694 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Alamos Gold by 4.0% in the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company's stock valued at $375,000 after purchasing an additional 728 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted 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 buying an additional 856 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Alamos Gold by 4.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company's stock worth $400,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.
Alamos Gold Price Performance
AGI stock traded up $0.64 during midday trading on Tuesday, reaching $26.31. The company had a trading volume of 933,125 shares, compared to its average volume of 2,831,580. The firm has a 50-day moving average price of $22.59 and a 200-day moving average price of $20.53. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The company has a market capitalization of $11.06 billion, a P/E ratio of 38.12, a P/E/G ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 1 year low of $13.52 and a 1 year high of $26.35.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (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 the consensus estimate of $388.06 million. On average, research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
Alamos Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold's payout ratio is currently 14.49%.
Analysts Set New Price Targets
AGI has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Alamos Gold has an average rating of "Buy" and an average target price of $26.06.
Check Out Our Latest Research Report on Alamos Gold
Alamos Gold Profile
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Free Report)
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.
Further Reading
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