Man Group plc Purchases 505,857 Shares of Alamos Gold Inc. (NYSE:AGI)

Man Group plc boosted its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 942.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 559,511 shares of the basic materials company's stock after buying an additional 505,857 shares during the quarter. Man Group plc owned approximately 0.13% of Alamos Gold worth $10,317,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after acquiring an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 856 shares in the last quarter. R Squared Ltd acquired a new stake in Alamos Gold in the 4th quarter valued at $61,000. Cutler Capital Management LLC acquired a new stake in Alamos Gold in the 4th quarter valued at $108,000. Finally, Daiwa Securities Group Inc. bought a new stake in Alamos Gold during the 4th quarter worth about $136,000. Institutional investors own 64.33% of the company's stock.

Analyst Upgrades and Downgrades

AGI has been the subject of several recent research reports. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. StockNews.com downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Royal Bank of Canada boosted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Bank of America decreased 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. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Alamos Gold has a consensus rating of "Moderate Buy" and an average price target of $30.38.

Alamos Gold Trading Down 0.4%

AGI stock opened at $24.44 on Monday. Alamos Gold Inc. has a one year low of $15.01 and a one year high of $31.00. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. The company has a fifty day moving average price of $26.67 and a two-hundred day moving average price of $22.47. 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 (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. During the same period in the previous year, the firm posted $0.13 EPS. The business's quarterly revenue was up 20.0% on a year-over-year basis. Equities analysts anticipate 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 given 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 was Thursday, March 13th. Alamos Gold's payout ratio is 16.13%.

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.

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