Two Sigma Investments LP Purchases 663,381 Shares of Alamos Gold Inc. (NYSE:AGI)

Two Sigma Investments LP boosted its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 106.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,288,696 shares of the basic materials company's stock after purchasing an additional 663,381 shares during the period. Two Sigma Investments LP owned about 0.31% of Alamos Gold worth $23,764,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Silvercrest Asset Management Group LLC purchased a new position in Alamos Gold in the fourth quarter worth about $420,000. Progeny 3 Inc. lifted its position in shares of 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 lifted its position in shares of 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 lifted its position in shares of 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 lifted its position in shares of 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 owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

NYSE AGI traded up $0.58 during trading hours on Friday, reaching $26.26. The company's stock had a trading volume of 3,043,095 shares, compared to its average volume of 2,717,614. The firm's 50-day moving average price is $26.72 and its 200-day moving average price is $22.66. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 1 year low of $15.01 and a 1 year high of $31.00. The company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 0.40 and a beta of 0.60.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 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 analysts' expectations of $324.98 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The firm's revenue for the quarter was up 20.0% on a year-over-year basis. On average, equities research analysts predict that Alamos Gold Inc. will post 1.29 EPS 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 dividend on an annualized basis and a yield of 0.38%. Alamos Gold's dividend payout ratio is presently 16.13%.

Analyst Ratings Changes

AGI has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Bank of America lowered their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently 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.