Trexquant Investment LP Raises Stake in Alamos Gold Inc. (NYSE:AGI)

Trexquant Investment LP raised its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 54.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192,787 shares of the basic materials company’s stock after buying an additional 67,743 shares during the quarter. Trexquant Investment LP’s holdings in Alamos Gold were worth $3,555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Alamos Gold by 51.8% during 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. R Squared Ltd bought a new stake in shares of Alamos Gold during the 4th quarter worth $61,000. Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold during the 4th quarter worth $136,000. Finally, XTX Topco Ltd purchased a new position in Alamos Gold in the third quarter worth $207,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Down 8.7 %

Shares of AGI stock opened at $24.54 on Monday. The business has a 50-day moving average of $23.76 and a 200 day moving average of $20.96. 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 Inc. has a 1-year low of $14.31 and a 1-year high of $27.32. The stock has a market capitalization of $10.32 billion, a PE ratio of 35.56, 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 data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. As a group, sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s payout ratio is 14.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Royal Bank of Canada boosted their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $26.81.

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.