Maven Securities LTD increased its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 110.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,044 shares of the basic materials company's stock after acquiring an additional 22,044 shares during the period. Maven Securities LTD's holdings in Alamos Gold were worth $775,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of AGI. CIBC Asset Management Inc grew its stake in Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after purchasing an additional 2,867,027 shares in the last quarter. Canoe Financial LP bought a new stake in shares of Alamos Gold during the 4th quarter worth about $4,066,000. Addenda Capital Inc. bought a new stake in shares of Alamos Gold during the 4th quarter worth about $34,869,000. Vanguard Group Inc. boosted its stake in Alamos Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock valued at $295,105,000 after purchasing an additional 279,280 shares during the period. Finally, Generate Investment Management Ltd boosted its stake in Alamos Gold by 120.8% during the 4th quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company's stock valued at $15,101,000 after purchasing an additional 448,074 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
AGI has been the subject of several recent analyst reports. StockNews.com downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. 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. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Bank of America dropped their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Two investment 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.38.
Read Our Latest Research Report on AGI
Alamos Gold Stock Down 0.4%
Shares of AGI traded down $0.10 during midday trading on Friday, hitting $24.44. The stock had a trading volume of 3,062,822 shares, compared to its average volume of 2,704,011. The company has a 50 day simple moving average of $26.66 and a two-hundred day simple moving average of $22.42. Alamos Gold Inc. has a twelve month low of $15.01 and a twelve month high of $31.00. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 35.43, 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 (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The company had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Alamos Gold's revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. On average, analysts anticipate 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 issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio is presently 16.13%.
Alamos Gold Company Profile
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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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