Alamos Gold Inc. (NYSE:AGI) Shares Acquired by Man Group plc

Man Group plc raised its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 942.8% in the 4th quarter, according to the company in its most recent disclosure 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 about 0.13% of Alamos Gold worth $10,317,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after buying an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Alamos Gold by 51.8% during 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 acquiring an additional 856 shares in the last quarter. R Squared Ltd acquired a new position in shares of Alamos Gold during the fourth quarter valued at about $61,000. Cutler Capital Management LLC acquired a new position in shares of Alamos Gold during the fourth quarter valued at about $108,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold during the fourth quarter valued at about $136,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Performance

NYSE:AGI traded up $0.58 during midday trading on Friday, hitting $26.26. The company's stock had a trading volume of 3,043,095 shares, compared to its average volume of 2,717,614. Alamos Gold Inc. has a fifty-two week low of $15.01 and a fifty-two week high of $31.00. The firm's 50 day moving average is $26.72 and its 200-day moving average is $22.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The firm has a market cap of $11.04 billion, a P/E ratio of 38.05, 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 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 business had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. During the same quarter last year, the company posted $0.13 EPS. Alamos Gold's quarterly revenue was up 20.0% compared to the same quarter last year. Equities analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 annualized dividend and a yield of 0.38%. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Bank of America cut their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada upped their price objective 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, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.38.

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.