Magnetar Financial LLC Takes $625,000 Position in Alamos Gold Inc. (NYSE:AGI)

Magnetar Financial LLC bought a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 33,886 shares of the basic materials company's stock, valued at approximately $625,000.

A number of other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. FMR LLC boosted its stake in Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock worth $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Addenda Capital Inc. bought a new position in Alamos Gold during the fourth quarter valued at approximately $34,869,000. Raymond James Financial Inc. purchased a new position in shares of Alamos Gold during the fourth quarter worth approximately $28,950,000. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of Alamos Gold by 55.2% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,615,833 shares of the basic materials company's stock worth $29,796,000 after acquiring an additional 574,995 shares during the last quarter. Institutional investors own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AGI shares. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Royal Bank of Canada raised their price objective on Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alamos Gold currently has an average rating of "Buy" and a consensus price target of $26.06.

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Alamos Gold Trading Down 1.5 %

AGI traded down $0.39 during trading on Wednesday, hitting $25.82. 2,268,863 shares of the stock traded hands, compared to its average volume of 2,336,501. The firm has a market capitalization of $10.85 billion, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 12-month low of $13.53 and a 12-month high of $26.50. 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 firm has a 50-day moving average of $22.72 and a 200 day moving average of $20.59.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released 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 business had revenue of $375.80 million for the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Equities research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The company 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. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.39%. Alamos Gold's payout ratio is 14.49%.

About Alamos Gold

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.