62,182 Shares in Alamos Gold Inc. (NYSE:AGI) Acquired by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 62,182 shares of the basic materials company’s stock, valued at approximately $1,147,000.

Several other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. grew its stake in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 856 shares during the period. Hara Capital LLC bought a new position in Alamos Gold in the 3rd quarter valued at about $47,000. R Squared Ltd bought a new position in Alamos Gold in the 4th quarter valued at about $61,000. Finally, Plato Investment Management Ltd acquired a new position in Alamos Gold during the 3rd quarter valued at about $147,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

NYSE AGI opened at $24.37 on Thursday. Alamos Gold Inc. has a 12 month low of $12.96 and a 12 month high of $24.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The firm has a market capitalization of $10.24 billion, a PE ratio of 35.31, a P/E/G ratio of 0.40 and a beta of 1.16. The company’s 50 day simple moving average is $20.98 and its 200 day simple moving average is $20.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. As a group, equities research analysts forecast 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 will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.41%. Alamos Gold’s dividend payout ratio (DPR) is 14.49%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $26.06.

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.