Two Sigma Advisers LP Acquires New Position in Alamos Gold (AGI)
Two Sigma Advisers LP acquired a new stake in Alamos Gold (NYSE:AGI) (TSE:AGI) in the 4th quarter, HoldingsChannel reports. The fund acquired 60,251 shares of the basic materials company’s stock, valued at approximately $392,000.
Several other institutional investors have also recently added to or reduced their stakes in AGI. Engineers Gate Manager LP bought a new stake in Alamos Gold in the fourth quarter valued at approximately $162,000. Aperio Group LLC bought a new stake in Alamos Gold in the fourth quarter valued at approximately $196,000. FNY Partners Fund LP bought a new stake in Alamos Gold in the fourth quarter valued at approximately $200,000. Fruth Investment Management bought a new stake in Alamos Gold in the fourth quarter valued at approximately $383,000. Finally, Candriam Luxembourg S.C.A. bought a new stake in Alamos Gold in the fourth quarter valued at approximately $571,000. 61.66% of the stock is owned by institutional investors.
Several analysts recently commented on the company. Credit Suisse Group reduced their target price on Alamos Gold from $8.00 to $6.50 and set an “outperform” rating on the stock in a report on Wednesday, March 21st. Zacks Investment Research cut Alamos Gold from a “buy” rating to a “hold” rating in a report on Friday, January 19th. ValuEngine upgraded Alamos Gold from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. TheStreet cut Alamos Gold from a “c-” rating to a “d+” rating in a report on Monday, April 2nd. Finally, Royal Bank of Canada reduced their target price on Alamos Gold from $9.00 to $8.50 and set a “sector perform” rating on the stock in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.04.
Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $161.70 million for the quarter, compared to the consensus estimate of $159.65 million. Alamos Gold had a return on equity of 1.70% and a net margin of 4.90%. Alamos Gold’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) earnings per share. sell-side analysts anticipate that Alamos Gold will post 0.13 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be issued a dividend of $0.01 per share. This represents a dividend yield of 0.38%. The ex-dividend date is Friday, April 13th. Alamos Gold’s payout ratio is 16.67%.
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Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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