Cinctive Capital Management LP Buys Shares of 175,770 Alamos Gold Inc. (NYSE:AGI)

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

A number of other hedge funds have also made changes to their positions in AGI. Blue Trust Inc. boosted its stake 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 valued at $38,000 after acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 856 shares in the last quarter. R Squared Ltd bought a new position in shares of Alamos Gold during the fourth quarter worth about $61,000. Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold during the fourth quarter worth about $136,000. Finally, XTX Topco Ltd bought a new stake in Alamos Gold in the third quarter valued at about $207,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of AGI stock opened at $26.52 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average of $23.54 and a two-hundred day moving average of $20.88. The company has a market cap of $11.15 billion, a P/E ratio of 38.44, a PEG ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 52 week low of $14.31 and a 52 week high of $27.25.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. As a group, 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. Investors of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

Analyst Upgrades and Downgrades

AGI has been the topic of a number of research analyst reports. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. StockNews.com cut Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th. Finally, Royal Bank of Canada boosted 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. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and an average target price 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.