XTX Topco Ltd Grows Holdings in Alamos Gold Inc. (NYSE:AGI)

XTX Topco Ltd lifted its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 181.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,148 shares of the basic materials company’s stock after buying an additional 18,786 shares during the quarter. XTX Topco Ltd’s holdings in Alamos Gold were worth $537,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AGI. Blue Trust Inc. grew its stake in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 856 shares during the period. R Squared Ltd acquired a new position in Alamos Gold in the fourth quarter valued at $61,000. Cutler Capital Management LLC purchased a new position in Alamos Gold during the fourth quarter worth about $108,000. Finally, Daiwa Securities Group Inc. purchased a new position in Alamos Gold during the fourth quarter worth about $136,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analysts Set New Price Targets

AGI has been the subject of a number of research analyst reports. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Monday, April 14th. Bank of America decreased their price target on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. Finally, Royal Bank of Canada lifted their target price on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, April 4th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $30.38.

Alamos Gold Price Performance

Alamos Gold stock opened at $29.58 on Friday. The firm has a fifty day moving average of $25.24 and a 200-day moving average of $21.55. Alamos Gold Inc. has a 52-week low of $14.31 and a 52-week high of $31.00. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $12.44 billion, a P/E ratio of 42.87, a PEG ratio of 0.40 and a beta of 1.02.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. As a group, analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.34%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

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.