Tidal Investments LLC Increases Holdings in Alamos Gold Inc. (NYSE:AGI)

Tidal Investments LLC boosted its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 267.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,735 shares of the basic materials company's stock after acquiring an additional 50,005 shares during the period. Tidal Investments LLC's holdings in Alamos Gold were worth $1,371,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its stake in shares of Alamos Gold by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company's stock worth $552,000 after acquiring an additional 531 shares during the period. Captrust Financial Advisors boosted its position in Alamos Gold by 4.0% during the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company's stock worth $375,000 after purchasing an additional 728 shares during the period. Foundation Resource Management Inc. increased its stake in shares of Alamos Gold by 3.0% in the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company's stock worth $826,000 after purchasing an additional 1,190 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Alamos Gold by 3.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company's stock valued at $609,000 after purchasing an additional 1,282 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of Alamos Gold by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company's stock valued at $1,042,000 after purchasing an additional 1,654 shares during the period. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AGI has been the subject of several analyst reports. Jefferies Financial Group raised their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, October 4th. National Bank Financial upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Finally, StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $25.06.

Alamos Gold Price Performance

Shares of AGI stock traded up $0.05 on Thursday, reaching $18.11. The company's stock had a trading volume of 1,755,903 shares, compared to its average volume of 2,352,880. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45. The stock's 50 day simple moving average is $19.44 and its 200-day simple moving average is $18.44. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.61 billion, a P/E ratio of 30.18, a PEG ratio of 0.93 and a beta of 1.15.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly 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). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The business had revenue of $360.90 million for the quarter. As a group, equities analysts predict that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.55%. Alamos Gold's dividend payout ratio is presently 16.67%.

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.