VELA Investment Management LLC Buys 9,000 Shares of Alamos Gold Inc. (NYSE:AGI)

VELA Investment Management LLC grew its stake in shares of Alamos Gold Inc. (NYSE:AGIFree Report) (TSE:AGI) by 22.8% during the third quarter, HoldingsChannel reports. The firm owned 48,500 shares of the basic materials company’s stock after purchasing an additional 9,000 shares during the quarter. VELA Investment Management LLC’s holdings in Alamos Gold were worth $548,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Barclays PLC raised its stake in Alamos Gold by 9.4% in the third quarter. Barclays PLC now owns 174,473 shares of the basic materials company’s stock worth $1,970,000 after buying an additional 14,987 shares in the last quarter. Jump Financial LLC grew its holdings in shares of Alamos Gold by 17.7% during the 3rd quarter. Jump Financial LLC now owns 34,477 shares of the basic materials company’s stock worth $389,000 after acquiring an additional 5,177 shares during the period. Versor Investments LP raised its position in shares of Alamos Gold by 96.2% in the 3rd quarter. Versor Investments LP now owns 85,058 shares of the basic materials company’s stock worth $960,000 after acquiring an additional 41,696 shares in the last quarter. Canoe Financial LP lifted its stake in shares of Alamos Gold by 1.2% in the 3rd quarter. Canoe Financial LP now owns 223,319 shares of the basic materials company’s stock valued at $2,519,000 after purchasing an additional 2,727 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Alamos Gold by 12.9% during the third quarter. Principal Financial Group Inc. now owns 1,969,700 shares of the basic materials company’s stock valued at $22,319,000 after purchasing an additional 225,600 shares in the last quarter. Institutional investors own 54.99% of the company’s stock.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $12.24 on Wednesday. Alamos Gold Inc. has a 1 year low of $9.78 and a 1 year high of $14.95. The firm’s 50-day moving average is $13.35 and its 200 day moving average is $12.61. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.33 and a beta of 1.21.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Tuesday, December 5th. Alamos Gold’s payout ratio is 19.61%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AGI shares. Royal Bank of Canada upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $12.00 to $16.00 in a report on Thursday, January 11th. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday, November 18th. Scotiabank boosted their price objective on shares of Alamos Gold from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a report on Wednesday, January 3rd. Finally, Desjardins initiated coverage on shares of Alamos Gold in a report on Tuesday, October 24th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Alamos Gold presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Check Out Our Latest Stock Analysis on Alamos Gold

Alamos Gold Profile

(Free Report)

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold and silver 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.

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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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