Trexquant Investment LP Has $3.56 Million Position in Alamos Gold Inc. (NYSE:AGI)

Trexquant Investment LP raised its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 54.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,787 shares of the basic materials company's stock after buying an additional 67,743 shares during the quarter. Trexquant Investment LP's holdings in Alamos Gold were worth $3,555,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Alamos Gold by 51.8% in 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 purchasing an additional 856 shares during the period. R Squared Ltd acquired a new position in shares of Alamos Gold during the 4th quarter worth approximately $61,000. Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold during the fourth quarter worth approximately $136,000. Finally, XTX Topco Ltd acquired a new stake in shares of Alamos Gold in the third quarter valued at approximately $207,000. 64.33% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a report on Sunday, April 6th. Royal Bank of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Bank of America reduced their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $27.63.

Alamos Gold Price Performance

Shares of AGI stock traded up $1.22 on Friday, hitting $29.19. 6,016,646 shares of the company's stock were exchanged, compared to its average volume of 2,531,595. The company has a 50 day moving average of $24.51 and a 200 day moving average of $21.22. The stock has a market cap of $12.27 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold Inc. has a 12 month low of $14.31 and a 12 month high of $29.99.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million during 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%. On average, equities research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. Alamos Gold's dividend payout ratio (DPR) is presently 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.