Penserra Capital Management LLC Makes New $2.02 Million Investment in Alamos Gold Inc. (NYSE:AGI)

Penserra Capital Management LLC purchased a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 75,572 shares of the basic materials company's stock, valued at approximately $2,020,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in Alamos Gold in the first quarter valued at about $41,000. Cutler Capital Management LLC acquired a new position in Alamos Gold during the fourth quarter worth about $108,000. NBT Bank N A NY acquired a new position in Alamos Gold during the first quarter worth about $190,000. Daiwa Securities Group Inc. acquired a new position in Alamos Gold during the fourth quarter worth about $136,000. Finally, Continuum Advisory LLC raised its stake in Alamos Gold by 808.9% during the first quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock worth $220,000 after acquiring an additional 7,329 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America lowered their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Royal Bank Of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Trading Up 1.9%

Shares of Alamos Gold stock traded up $0.49 on Friday, reaching $26.60. 3,268,598 shares of the company's stock were exchanged, compared to its average volume of 2,926,213. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.94 and a current ratio of 1.49. Alamos Gold Inc. has a 52 week low of $15.74 and a 52 week high of $31.00. The firm's 50-day moving average is $26.30 and its two-hundred day moving average is $24.47. The company has a market capitalization of $11.18 billion, a P/E ratio of 42.90, a price-to-earnings-growth ratio of 0.55 and a beta of 0.54.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The firm had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. During the same period in the previous year, the company earned $0.13 earnings per share. Alamos Gold's revenue for the quarter was up 20.0% compared to the same quarter last year. Sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Thursday, June 12th. Alamos Gold's payout ratio is currently 16.13%.

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.