Versor Investments LP Makes New Investment in Alamos Gold Inc. (NYSE:AGI)

Versor Investments LP bought a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,100 shares of the basic materials company’s stock, valued at approximately $481,000.

A number of other large investors have also made changes to their positions in AGI. CIBC Asset Management Inc lifted its position in Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after buying an additional 2,867,027 shares in the last quarter. FMR LLC raised its holdings in shares of Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after acquiring an additional 2,148,153 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Alamos Gold by 19.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock valued at $110,662,000 after acquiring an additional 891,255 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Alamos Gold by 1.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock valued at $41,205,000 after purchasing an additional 38,913 shares during the period. Finally, Addenda Capital Inc. acquired a new stake in Alamos Gold during the fourth quarter worth about $34,869,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Trading Up 0.9 %

Shares of AGI stock opened at $22.83 on Friday. Alamos Gold Inc. has a 1-year low of $12.40 and a 1-year high of $24.27. The firm has a market cap of $9.60 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 0.40 and a beta of 1.16. The company has a 50-day moving average of $20.67 and a two-hundred day moving average of $19.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. On average, 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 will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.44%. Alamos Gold’s payout ratio is presently 14.49%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. 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 report on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $26.06.

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.