Cinctive Capital Management LP Makes New Investment in Alamos Gold Inc. (NYSE:AGI)

Cinctive Capital Management LP purchased a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 175,770 shares of the basic materials company’s stock, valued at approximately $3,241,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AGI. Vanguard Group Inc. grew its holdings in Alamos Gold by 1.8% in the fourth 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. Arrowstreet Capital Limited Partnership grew its stake in shares of Alamos Gold by 17.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company’s stock valued at $173,991,000 after buying an additional 1,424,550 shares during the period. CIBC Asset Management Inc grew its stake in shares of Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after buying an additional 2,867,027 shares during the period. FMR LLC increased its holdings in shares of Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after buying an additional 2,148,153 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Alamos Gold in the 4th quarter worth $100,694,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $26.52 on Thursday. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 0.40 and a beta of 1.15. 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 1-year low of $14.31 and a 1-year high of $27.25. The business has a 50-day moving average of $23.54 and a 200-day moving average of $20.88.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, equities analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is 14.49%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AGI shares. Royal Bank of Canada upped their price target on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com cut Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Finally, National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $26.06.

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.