Versor Investments LP Acquires 7,631 Shares of Alamos Gold Inc. $AGI

Versor Investments LP increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 26.8% during the second quarter, Holdings Channel reports. The fund owned 36,131 shares of the basic materials company’s stock after purchasing an additional 7,631 shares during the period. Versor Investments LP’s holdings in Alamos Gold were worth $962,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Alamos Gold by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company’s stock worth $433,133,000 after acquiring an additional 214,933 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Alamos Gold by 19.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company’s stock worth $156,780,000 after buying an additional 957,359 shares in the last quarter. American Century Companies Inc. lifted its holdings in Alamos Gold by 4.9% during the 1st quarter. American Century Companies Inc. now owns 2,769,539 shares of the basic materials company’s stock worth $74,029,000 after buying an additional 129,334 shares in the last quarter. TD Asset Management Inc lifted its holdings in Alamos Gold by 1.7% during the 2nd quarter. TD Asset Management Inc now owns 2,599,832 shares of the basic materials company’s stock worth $69,011,000 after buying an additional 43,497 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after buying an additional 1,227,695 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on AGI. Zacks Research raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. Stifel Nicolaus began coverage on Alamos Gold in a report on Wednesday, July 9th. They set a “buy” rating on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $41.00.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at $30.80 on Monday. The firm has a fifty day moving average of $32.69 and a two-hundred day moving average of $28.64. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 0.50 and a beta of 0.50. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $37.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.69%. The company had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $490.96 million. During the same quarter in the previous year, the company posted $0.19 EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, equities research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were given a $0.025 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold’s dividend payout ratio is currently 7.81%.

About Alamos Gold

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.