Alamos Gold Inc. (NYSE:AGI) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP increased its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 106.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,288,696 shares of the basic materials company's stock after purchasing an additional 663,381 shares during the quarter. Two Sigma Investments LP owned approximately 0.31% of Alamos Gold worth $23,764,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC acquired a new position in Alamos Gold during the 4th quarter valued at about $420,000. Progeny 3 Inc. increased its position in Alamos Gold by 1.7% during the 4th quarter. Progeny 3 Inc. now owns 813,625 shares of the basic materials company's stock valued at $15,003,000 after buying an additional 13,470 shares in the last quarter. Man Group plc increased its position in Alamos Gold by 942.8% during the 4th quarter. Man Group plc now owns 559,511 shares of the basic materials company's stock valued at $10,317,000 after buying an additional 505,857 shares in the last quarter. Maven Securities LTD increased its position in Alamos Gold by 110.2% during the 4th quarter. Maven Securities LTD now owns 42,044 shares of the basic materials company's stock valued at $775,000 after buying an additional 22,044 shares in the last quarter. Finally, Mudita Advisors LLP increased its position in Alamos Gold by 38.3% during the 4th quarter. Mudita Advisors LLP now owns 497,251 shares of the basic materials company's stock valued at $9,169,000 after buying an additional 137,761 shares in the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Royal Bank of Canada upped their target price on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, Bank of America reduced their price objective 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. Two 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.

Alamos Gold Stock Performance

Shares of AGI stock traded down $0.41 during trading hours on Tuesday, hitting $25.84. The company's stock had a trading volume of 1,021,217 shares, compared to its average volume of 2,711,221. The stock has a market cap of $10.87 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 12-month low of $15.01 and a 12-month high of $31.00. The company has a 50 day moving average of $26.72 and a 200 day moving average of $22.72. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted 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). The company had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm's revenue was up 20.0% on a year-over-year basis. During the same period last year, the business earned $0.13 earnings per share. On average, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.39%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) 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.