260,500 Shares in Alamos Gold Inc. $AGI Purchased by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 260,500 shares of the basic materials company’s stock, valued at approximately $10,050,000. Zweig DiMenna Associates LLC owned approximately 0.06% of Alamos Gold as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Armor Advisors L.L.C. purchased a new position in Alamos Gold during the fourth quarter worth about $9,577,000. Eurizon Capital SGR S.p.A. acquired a new position in Alamos Gold during the fourth quarter worth about $2,537,000. Jupiter Asset Management Ltd. grew its position in Alamos Gold by 7.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,816,935 shares of the basic materials company’s stock worth $70,252,000 after buying an additional 133,121 shares during the period. Geode Capital Management LLC grew its position in Alamos Gold by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 4,219,852 shares of the basic materials company’s stock worth $168,031,000 after buying an additional 242,415 shares during the period. Finally, Cary Street Partners Financial LLC grew its position in Alamos Gold by 1.4% during the fourth quarter. Cary Street Partners Financial LLC now owns 24,730 shares of the basic materials company’s stock worth $954,000 after buying an additional 335 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on AGI shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Weiss Ratings lowered shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Scotiabank upped their target price on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 6th. Finally, Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and an average target price of $50.67.

Alamos Gold Trading Up 3.4%

Shares of AGI opened at $40.88 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average is $43.11 and its two-hundred day moving average is $41.85. Alamos Gold Inc. has a twelve month low of $23.92 and a twelve month high of $55.41. The firm has a market capitalization of $17.17 billion, a P/E ratio of 16.29, a PEG ratio of 0.51 and a beta of 0.50.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $596.70 million for the quarter, compared to analyst estimates of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The company’s quarterly revenue was up 79.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 earnings per share. On average, research analysts predict that Alamos Gold Inc. will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a $0.04 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Alamos Gold’s dividend payout ratio is currently 6.37%.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.