Two Sigma Advisers LP Grows Position in Alamos Gold Inc. (NYSE:AGI)

Two Sigma Advisers LP raised its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 5.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 767,154 shares of the basic materials company's stock after purchasing an additional 38,280 shares during the period. Two Sigma Advisers LP owned about 0.18% of Alamos Gold worth $14,146,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Two Sigma Investments LP grew its holdings in Alamos Gold by 106.1% in the fourth quarter. Two Sigma Investments LP now owns 1,288,696 shares of the basic materials company's stock valued at $23,764,000 after purchasing an additional 663,381 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Alamos Gold in the fourth quarter valued at $420,000. Progeny 3 Inc. grew its holdings in Alamos Gold by 1.7% in the fourth quarter. Progeny 3 Inc. now owns 813,625 shares of the basic materials company's stock valued at $15,003,000 after purchasing an additional 13,470 shares during the last quarter. Man Group plc grew its holdings in Alamos Gold by 942.8% in the fourth quarter. Man Group plc now owns 559,511 shares of the basic materials company's stock valued at $10,317,000 after purchasing an additional 505,857 shares during the last quarter. Finally, Maven Securities LTD grew its holdings in Alamos Gold by 110.2% in the fourth quarter. Maven Securities LTD now owns 42,044 shares of the basic materials company's stock valued at $775,000 after purchasing an additional 22,044 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Trading Down 1.6%

NYSE:AGI traded down $0.42 during mid-day trading on Tuesday, reaching $25.83. The company's stock had a trading volume of 1,021,217 shares, compared to its average volume of 2,711,221. The company's fifty day simple moving average is $26.72 and its two-hundred day simple moving average is $22.72. 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 twelve month low of $15.01 and a twelve month high of $31.00. The stock has a market cap of $10.86 billion, a P/E ratio of 37.50, a P/E/G ratio of 0.40 and a beta of 0.60.

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

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's payout ratio is 16.13%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Finally, Bank of America decreased their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Two investment 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.

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.