Magnetar Financial LLC Invests $625,000 in Alamos Gold Inc. (NYSE:AGI)

Magnetar Financial LLC acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, Holdings Channel.com reports. The fund acquired 33,886 shares of the basic materials company’s stock, valued at approximately $625,000.

Several other institutional investors have also recently modified their holdings of AGI. Old West Investment Management LLC raised its position in shares of Alamos Gold by 11.0% during the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after purchasing an additional 48,128 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Alamos Gold during the 3rd quarter worth approximately $258,000. Natixis Advisors LLC raised its position in shares of Alamos Gold by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after purchasing an additional 531 shares during the last quarter. Swiss National Bank raised its holdings in Alamos Gold by 4.9% in the 3rd quarter. Swiss National Bank now owns 825,036 shares of the basic materials company’s stock valued at $16,467,000 after acquiring an additional 38,600 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in Alamos Gold by 101.5% in the 3rd quarter. Cerity Partners LLC now owns 23,173 shares of the basic materials company’s stock valued at $462,000 after acquiring an additional 11,674 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Down 0.1 %

AGI stock opened at $26.06 on Friday. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 0.40 and a beta of 1.15. 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 business has a fifty day simple moving average of $22.46 and a 200-day simple moving average of $20.45. Alamos Gold Inc. has a 52 week low of $13.44 and a 52 week high of $26.35.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, equities research analysts expect 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 issued a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold’s payout ratio is 14.49%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price target on 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 upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alamos Gold has an average rating of “Buy” and an average target price 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.