Alamos Gold Inc. (NYSE:AGI) Shares Purchased by Mariner LLC

Mariner LLC lifted its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 121.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,910 shares of the basic materials company's stock after buying an additional 15,281 shares during the quarter. Mariner LLC's holdings in Alamos Gold were worth $514,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its stake in Alamos Gold by 46.6% in the 3rd quarter. Barclays PLC now owns 322,402 shares of the basic materials company's stock worth $6,428,000 after purchasing an additional 102,525 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Alamos Gold by 11.1% in the third quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock worth $6,224,000 after buying an additional 29,933 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Alamos Gold during the third quarter worth $724,000. Wilmington Savings Fund Society FSB purchased a new position in Alamos Gold during the third quarter valued at $413,000. Finally, Tidal Investments LLC increased its holdings in Alamos Gold by 267.0% in the 3rd quarter. Tidal Investments LLC now owns 68,735 shares of the basic materials company's stock valued at $1,371,000 after acquiring an additional 50,005 shares during the last quarter. Institutional investors own 64.33% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on AGI shares. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Bank of America lowered their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday. Royal Bank of Canada increased their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.38.

Alamos Gold Stock Down 0.3 %

Shares of AGI stock traded down $0.09 during trading hours on Wednesday, reaching $27.15. 3,212,509 shares of the company's stock were exchanged, compared to its average volume of 2,647,689. The stock has a market cap of $11.42 billion, a PE ratio of 39.35, a PEG ratio of 0.40 and a beta of 0.60. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock's fifty day moving average price is $26.46 and its two-hundred day moving average price is $22.24. Alamos Gold Inc. has a 1 year low of $15.01 and a 1 year high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm's revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. Research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.37%. Alamos Gold's payout ratio is 16.13%.

Alamos Gold 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.