Marshall Wace LLP Has $1.79 Million Position in Alamos Gold Inc. (NYSE:AGI)

Marshall Wace LLP raised its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 325.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 97,229 shares of the basic materials company’s stock after buying an additional 74,362 shares during the quarter. Marshall Wace LLP’s holdings in Alamos Gold were worth $1,793,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of AGI. Veracity Capital LLC raised its stake in Alamos Gold by 3.2% in the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock valued at $416,000 after purchasing an additional 694 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Alamos Gold by 1.2% in the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company’s stock valued at $1,342,000 after buying an additional 854 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position 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 buying an additional 856 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Alamos Gold by 4.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock worth $400,000 after acquiring an additional 1,000 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 1,157 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Down 1.1 %

Shares of AGI stock opened at $27.96 on Monday. Alamos Gold Inc. has a twelve month low of $14.64 and a twelve month high of $31.00. The stock’s fifty day simple moving average is $25.83 and its 200 day simple moving average is $21.89. 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 firm has a market capitalization of $11.76 billion, a P/E ratio of 40.52, a P/E/G ratio of 0.40 and a beta of 1.02.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s payout ratio is currently 14.49%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Bank of America lowered their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada upped their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Monday, April 14th. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Finally, StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $30.38.

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.