Maven Securities LTD Acquires Shares of 20,000 Alamos Gold Inc. (NYSE:AGI)

Maven Securities LTD acquired a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the third quarter, according to its most recent filing with the SEC. The firm acquired 20,000 shares of the basic materials company’s stock, valued at approximately $399,000.

Other hedge funds have also recently bought and sold shares of the company. Hara Capital LLC acquired a new position in shares of Alamos Gold in the 3rd quarter valued at $47,000. Baldwin Brothers LLC MA acquired a new position in shares of Alamos Gold in the 2nd quarter valued at $47,000. Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold in the 2nd quarter valued at $48,000. Eastern Bank acquired a new position in shares of Alamos Gold in the 3rd quarter valued at $111,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Alamos Gold in the 2nd quarter valued at $88,000. 64.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AGI shares. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Scotiabank raised their price objective on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group raised their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $25.06.

Alamos Gold Stock Performance

AGI opened at $19.56 on Thursday. The business’s 50-day moving average price is $19.54 and its two-hundred day moving average price is $18.27. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 0.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The firm had revenue of $360.90 million during the quarter. Equities analysts expect that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s dividend payout ratio is 16.67%.

Alamos Gold Company Profile

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.