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

Aigen Investment Management LP acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 62,182 shares of the basic materials company’s stock, valued at approximately $1,147,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Alamos Gold by 155.7% during the 4th 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. Hara Capital LLC purchased a new position in Alamos Gold during the 3rd quarter worth approximately $47,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Alamos Gold by 51.8% during the 4th 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 in the last quarter. R Squared Ltd purchased a new position in Alamos Gold during the 4th quarter worth approximately $61,000. Finally, Plato Investment Management Ltd purchased a new position in Alamos Gold during the 3rd quarter worth approximately $147,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Trading Up 5.3 %

Shares of NYSE:AGI opened at $24.37 on Thursday. The firm has a fifty day moving average of $20.98 and a two-hundred day moving average of $20.00. The firm has a market capitalization of $10.24 billion, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 0.40 and a beta of 1.16. Alamos Gold Inc. has a 12-month low of $12.96 and a 12-month high of $24.40. 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 (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. On average, equities analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s payout ratio is presently 14.49%.

Wall Street Analysts Forecast Growth

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

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.