95,700 Shares in Alamos Gold Inc. (NYSE:AGI) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 95,700 shares of the basic materials company's stock, valued at approximately $1,910,000.

Other hedge funds have also recently bought and sold shares of the company. Hara Capital LLC acquired a new stake in Alamos Gold during the 3rd quarter valued at $47,000. Daiwa Securities Group Inc. acquired a new stake in shares of Alamos Gold in the second quarter valued at $48,000. Employees Retirement System of Texas acquired a new stake in shares of Alamos Gold in the second quarter valued at $88,000. Eastern Bank bought a new position in shares of Alamos Gold in the third quarter valued at about $111,000. Finally, Plato Investment Management Ltd acquired a new position in Alamos Gold during the 3rd quarter worth about $147,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Down 2.1 %

Shares of AGI stock traded down $0.40 during trading hours on Friday, reaching $19.06. The company had a trading volume of 1,445,679 shares, compared to its average volume of 2,414,740. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $21.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 0.89 and a beta of 1.15. The company has a 50 day moving average of $19.50 and a 200 day moving average of $18.29.

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

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Thursday, December 5th. Alamos Gold's dividend payout ratio (DPR) is 16.67%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group boosted their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. StockNews.com downgraded Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Scotiabank lifted their target price on Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Royal Bank of Canada boosted their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, National Bank Financial upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $25.06.

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.