Duality Advisers LP Makes New Investment in Alamos Gold Inc. (NYSE:AGI)

Duality Advisers LP acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 45,600 shares of the basic materials company’s stock, valued at approximately $614,000.

Several other large investors also recently bought and sold shares of AGI. Mackenzie Financial Corp grew its position in shares of Alamos Gold by 9.4% in the fourth quarter. Mackenzie Financial Corp now owns 3,011,874 shares of the basic materials company’s stock valued at $40,525,000 after purchasing an additional 258,688 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Alamos Gold by 84.9% in the fourth quarter. Ninety One UK Ltd now owns 3,002,701 shares of the basic materials company’s stock valued at $40,580,000 after purchasing an additional 1,378,456 shares in the last quarter. Raymond James & Associates grew its position in shares of Alamos Gold by 74.5% in the fourth quarter. Raymond James & Associates now owns 472,938 shares of the basic materials company’s stock valued at $6,370,000 after purchasing an additional 201,905 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Alamos Gold by 1.4% in the third quarter. Vanguard Group Inc. now owns 14,202,762 shares of the basic materials company’s stock valued at $160,349,000 after purchasing an additional 202,396 shares in the last quarter. Finally, Genus Capital Management Inc. grew its position in shares of Alamos Gold by 367.0% in the third quarter. Genus Capital Management Inc. now owns 326,000 shares of the basic materials company’s stock valued at $3,694,000 after purchasing an additional 256,200 shares in the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upped their price target on Alamos Gold from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada upped their price objective on Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.75 to $27.25 in a report on Tuesday, April 9th. Finally, StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Sunday, April 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.15.

Alamos Gold Stock Down 1.5 %

NYSE:AGI opened at $14.97 on Friday. The stock’s fifty day moving average is $13.72 and its two-hundred day moving average is $13.22. Alamos Gold Inc. has a 52 week low of $10.78 and a 52 week high of $16.01. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 3.77 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The company had revenue of $277.60 million for the quarter, compared to analysts’ expectations of $271.15 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that Alamos Gold Inc. will post 0.66 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s payout ratio is currently 18.87%.

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.