Centiva Capital LP Buys New Position in Alamos Gold Inc. $AGI

Centiva Capital LP bought a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,399 shares of the basic materials company’s stock, valued at approximately $467,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. 1620 Investment Advisors Inc. acquired a new stake in Alamos Gold in the 3rd quarter valued at about $35,000. EverSource Wealth Advisors LLC grew its stake in shares of Alamos Gold by 69.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 581 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Alamos Gold in the 2nd quarter worth approximately $98,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold in the 2nd quarter worth approximately $112,000. Finally, Farther Finance Advisors LLC lifted its stake in Alamos Gold by 528.4% during the third quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 3,757 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AGI has been the subject of a number of research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Weiss Ratings reiterated a “buy (a)” rating on shares of Alamos Gold in a research report on Monday, December 29th. Desjardins began coverage on Alamos Gold in a research note on Friday, November 28th. They set a “buy” rating for the company. Finally, Jefferies Financial Group restated a “buy” rating and issued a $49.00 target price on shares of Alamos Gold in a report on Sunday, December 7th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $45.50.

Alamos Gold Stock Performance

Shares of AGI opened at $45.81 on Monday. The company has a 50-day moving average of $44.62 and a two-hundred day moving average of $38.00. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 0.61 and a beta of 0.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.00 and a quick ratio of 1.60. Alamos Gold Inc. has a one year low of $23.49 and a one year high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $575.30 million for the quarter, compared to analyst estimates of $596.18 million. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The firm’s revenue was up 53.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, equities research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.04 per share. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.16 annualized dividend and a yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is presently 7.62%.

Alamos Gold Company 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.