Verition Fund Management LLC Purchases New Holdings in Alamos Gold Inc. $AGI

Verition Fund Management LLC acquired a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 549,989 shares of the basic materials company’s stock, valued at approximately $21,219,000.

Several other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in Alamos Gold by 44.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Alamos Gold by 2.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 229 shares during the last quarter. Clearstead Advisors LLC lifted its stake in Alamos Gold by 62.8% in the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares during the last quarter. Sheets Smith Wealth Management lifted its stake in Alamos Gold by 1.3% in the fourth quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock valued at $775,000 after purchasing an additional 258 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Alamos Gold by 3.2% in the third quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock valued at $340,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on AGI shares. Weiss Ratings downgraded Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alamos Gold presently has an average rating of “Buy” and an average target price of $50.67.

Alamos Gold Trading Up 6.8%

Alamos Gold stock opened at $37.61 on Tuesday. The stock has a market cap of $15.76 billion, a P/E ratio of 14.98, a PEG ratio of 0.45 and a beta of 0.49. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The firm’s fifty day moving average price is $41.92 and its 200-day moving average price is $42.15. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01.

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

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 11th. 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.