Arrowstreet Capital Limited Partnership Grows Stock Holdings in Alamos Gold Inc. $AGI

Arrowstreet Capital Limited Partnership grew its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 11.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,095,054 shares of the basic materials company’s stock after acquiring an additional 964,317 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Alamos Gold were worth $351,072,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in shares of Alamos Gold during the fourth quarter valued at approximately $170,000. Mudita Advisors LLP lifted its holdings in shares of Alamos Gold by 10.0% during the fourth quarter. Mudita Advisors LLP now owns 315,943 shares of the basic materials company’s stock valued at $12,189,000 after purchasing an additional 28,839 shares during the last quarter. Bridgewater Associates LP lifted its stake in shares of Alamos Gold by 555.9% in the fourth quarter. Bridgewater Associates LP now owns 281,285 shares of the basic materials company’s stock worth $10,852,000 after buying an additional 238,400 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Alamos Gold by 2.3% in the fourth quarter. Stifel Financial Corp now owns 215,850 shares of the basic materials company’s stock worth $8,327,000 after buying an additional 4,819 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Alamos Gold in the fourth quarter worth approximately $443,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Alamos Gold Trading Down 0.1%

Shares of NYSE AGI opened at $35.16 on Monday. The firm’s 50 day moving average price is $42.09 and its 200-day moving average price is $42.13. The company has a market cap of $14.74 billion, a PE ratio of 14.01, a P/E/G ratio of 0.45 and a beta of 0.49. Alamos Gold Inc. has a 52-week low of $23.92 and a 52-week high of $55.41. 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 issued its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business’s 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. On average, equities research analysts expect that Alamos Gold Inc. will post 2.46 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Alamos Gold’s dividend payout ratio is 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.