Versor Investments LP Invests $481,000 in Alamos Gold Inc. (NYSE:AGI)

Versor Investments LP purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,100 shares of the basic materials company's stock, valued at approximately $481,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGI. IFP Advisors Inc lifted its position in shares of Alamos Gold by 16.7% during the 4th quarter. IFP Advisors Inc now owns 119,706 shares of the basic materials company's stock worth $2,207,000 after buying an additional 17,171 shares during the period. Pekin Hardy Strauss Inc. raised its stake in Alamos Gold by 6.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 239,041 shares of the basic materials company's stock worth $4,408,000 after acquiring an additional 14,200 shares in the last quarter. Navellier & Associates Inc. lifted its holdings in shares of Alamos Gold by 14.4% during the fourth quarter. Navellier & Associates Inc. now owns 178,048 shares of the basic materials company's stock valued at $3,283,000 after acquiring an additional 22,355 shares during the period. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Alamos Gold by 47.5% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 176,795 shares of the basic materials company's stock valued at $3,260,000 after purchasing an additional 56,898 shares in the last quarter. Finally, Legacy Capital Group California Inc. boosted its stake in shares of Alamos Gold by 65.9% in the 4th quarter. Legacy Capital Group California Inc. now owns 17,538 shares of the basic materials company's stock valued at $323,000 after purchasing an additional 6,966 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

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Alamos Gold Price Performance

AGI traded up $1.24 during midday trading on Wednesday, hitting $24.37. The company had a trading volume of 4,392,186 shares, compared to its average volume of 2,269,700. Alamos Gold Inc. has a twelve month low of $12.96 and a twelve month high of $24.40. The firm's 50-day simple moving average is $20.98 and its 200-day simple moving average is $20.00. The company has a market capitalization of $10.24 billion, a PE ratio of 35.31, a P/E/G ratio of 0.40 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Equities research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold's payout ratio is 14.49%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AGI. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alamos Gold presently has a consensus rating of "Buy" and a consensus target price of $26.06.

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.