Twin Tree Management LP Sells 45,969 Shares of Alamos Gold Inc. $AGI

Key Points

• Twin Tree Management LP has reduced its stake in Alamos Gold Inc. by 10.6%, now owning 386,598 shares valued at approximately $10.34 million.
• Alamos Gold reported earnings of $0.34 per share for the last quarter, exceeding analysts' expectations and marking a year-over-year revenue increase of 31.7%.
• The company announced a quarterly dividend of $0.025 per share, reflecting a 0.3% dividend yield, set to be paid to shareholders on September 25th.

Twin Tree Management LP lowered its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 10.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,598 shares of the basic materials company's stock after selling 45,969 shares during the period. Twin Tree Management LP owned approximately 0.09% of Alamos Gold worth $10,338,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. increased its position in shares of Alamos Gold by 16.8% during the 1st quarter. Baird Financial Group Inc. now owns 212,177 shares of the basic materials company's stock valued at $5,674,000 after purchasing an additional 30,566 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of Alamos Gold by 1,522.6% during the first quarter. Panagora Asset Management Inc. now owns 258,680 shares of the basic materials company's stock valued at $6,917,000 after buying an additional 242,738 shares in the last quarter. Magnetar Financial LLC grew its holdings in shares of Alamos Gold by 373.2% during the first quarter. Magnetar Financial LLC now owns 160,332 shares of the basic materials company's stock valued at $4,287,000 after buying an additional 126,446 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Alamos Gold by 50.9% during the first quarter. Canada Pension Plan Investment Board now owns 1,972,249 shares of the basic materials company's stock valued at $52,705,000 after buying an additional 665,485 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Alamos Gold during the first quarter valued at $508,000. Institutional investors own 64.33% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. CIBC reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Stifel Nicolaus assumed coverage on Alamos Gold in a research report on Wednesday, July 9th. They set a "buy" rating for the company. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Stock Performance

Alamos Gold stock traded up $0.11 during trading hours on Wednesday, hitting $32.10. The stock had a trading volume of 4,029,654 shares, compared to its average volume of 2,865,550. The company has a 50-day moving average of $26.80 and a two-hundred day moving average of $26.28. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The company has a market cap of $13.50 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 0.67 and a beta of 0.55. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $32.49.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $438.20 million during the quarter, compared to analysts' expectations of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The company's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, equities research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold's dividend payout ratio (DPR) is presently 12.05%.

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.