Manatuck Hill Partners LLC raised its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,000 shares of the basic materials company's stock after acquiring an additional 15,000 shares during the period. Manatuck Hill Partners LLC's holdings in Alamos Gold were worth $2,213,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new position in Alamos Gold during the fourth quarter worth about $681,000. Coppell Advisory Solutions LLC grew its position in Alamos Gold by 14.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock worth $181,000 after buying an additional 1,260 shares in the last quarter. Susquehanna Advisors Group Inc. bought a new stake in Alamos Gold during the fourth quarter worth about $7,777,000. Hsbc Holdings PLC lifted its holdings in shares of Alamos Gold by 99.1% during the 4th quarter. Hsbc Holdings PLC now owns 20,698 shares of the basic materials company's stock worth $380,000 after acquiring an additional 10,300 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Alamos Gold by 5.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 78,013 shares of the basic materials company's stock valued at $1,424,000 after purchasing an additional 4,026 shares in the last quarter. Institutional investors own 64.33% of the company's stock.
Alamos Gold Stock Performance
Shares of NYSE AGI traded down $0.16 during mid-day trading on Wednesday, reaching $27.09. 1,117,248 shares of the company's stock were exchanged, compared to its average volume of 2,633,494. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 39.25, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. 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 Inc. has a 52 week low of $15.01 and a 52 week high of $31.00. The firm has a 50-day moving average price of $26.37 and a two-hundred day moving average price of $22.21.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data 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). The firm had revenue of $333.00 million during the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company's revenue was up 20.0% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. Analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.
Alamos Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.37%. Alamos Gold's dividend payout ratio (DPR) is currently 16.13%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on AGI. StockNews.com cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday. Bank of America cut their target price 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 upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada increased their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.
View Our Latest Stock Analysis on AGI
Alamos Gold Company Profile
(
Free Report)
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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