Verition Fund Management LLC Buys New Holdings in Alamos Gold Inc. $AGI

Verition Fund Management LLC bought a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 549,989 shares of the basic materials company’s stock, valued at approximately $21,219,000. Verition Fund Management LLC owned approximately 0.13% of Alamos Gold at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MML Investors Services LLC bought a new stake in Alamos Gold in the 4th quarter valued at about $216,000. Mariner LLC increased its position in Alamos Gold by 3.2% in the 4th quarter. Mariner LLC now owns 49,497 shares of the basic materials company’s stock valued at $1,910,000 after buying an additional 1,524 shares in the last quarter. Eschler Asset Management LLP increased its position in Alamos Gold by 135.4% in the 4th quarter. Eschler Asset Management LLP now owns 521,620 shares of the basic materials company’s stock valued at $20,124,000 after buying an additional 300,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Alamos Gold by 11.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock valued at $351,072,000 after buying an additional 964,317 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Alamos Gold in the 4th quarter valued at about $170,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Performance

Shares of AGI opened at $37.61 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.45 and a beta of 0.49. The stock has a 50 day moving average of $41.92 and a 200 day moving average of $42.15. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $596.70 million during the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.Alamos Gold’s revenue was up 79.2% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is presently 6.37%.

Analyst Upgrades and Downgrades

A number of analysts have commented on AGI shares. Weiss Ratings lowered Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and an average price target of $50.67.

About Alamos Gold

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.