Verition Fund Management LLC Invests $545,000 in Alamos Gold Inc. (NYSE:AGI)

Verition Fund Management LLC acquired a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the third quarter, according to its most recent filing with the SEC. The fund acquired 27,331 shares of the basic materials company's stock, valued at approximately $545,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Natixis Advisors LLC lifted its holdings in shares of Alamos Gold by 2.0% in the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company's stock worth $552,000 after buying an additional 531 shares in the last quarter. Captrust Financial Advisors increased its holdings 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 worth $375,000 after purchasing an additional 728 shares during the period. Foundation Resource Management Inc. grew its position in Alamos Gold by 3.0% during the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company's stock worth $826,000 after buying an additional 1,190 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Alamos Gold by 3.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company's stock worth $609,000 after acquiring an additional 1,282 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Alamos Gold by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company's stock valued at $1,042,000 after acquiring an additional 1,654 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Down 4.0 %

Shares of NYSE:AGI traded down $0.82 during midday trading on Thursday, hitting $19.56. 1,849,794 shares of the stock traded hands, compared to its average volume of 2,341,602. 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 business's 50 day moving average is $19.48 and its two-hundred day moving average is $18.37. The stock has a market capitalization of $8.22 billion, a PE ratio of 32.60, a P/E/G ratio of 0.87 and a beta of 1.15. Alamos Gold Inc. has a one year low of $11.24 and a one year high of $21.45.

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). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The business had revenue of $360.90 million during the quarter. As a group, research analysts forecast that Alamos Gold Inc. will post 0.77 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, December 5th. Alamos Gold's dividend payout ratio (DPR) is currently 16.67%.

Analysts Set New Price Targets

Several brokerages have issued reports on AGI. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. National Bank Financial upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Scotiabank raised their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a report on Friday, October 4th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $25.06.

Alamos Gold Company Profile

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.