Trexquant Investment LP Has $3.56 Million Stake in Alamos Gold Inc. (NYSE:AGI)

Trexquant Investment LP raised its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 54.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 192,787 shares of the basic materials company’s stock after purchasing an additional 67,743 shares during the quarter. Trexquant Investment LP’s holdings in Alamos Gold were worth $3,555,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Old West Investment Management LLC raised its position in Alamos Gold by 11.0% in the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock valued at $9,689,000 after buying an additional 48,128 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after acquiring an additional 2,867,027 shares in the last quarter. Canoe Financial LP purchased a new stake in shares of Alamos Gold in the fourth quarter valued at about $4,066,000. Geode Capital Management LLC lifted its position in shares of Alamos Gold by 11.1% during the third quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company’s stock valued at $6,224,000 after purchasing an additional 29,933 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Alamos Gold by 18.4% during the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company’s stock worth $30,492,000 after purchasing an additional 237,278 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Down 8.7 %

NYSE:AGI opened at $24.54 on Monday. Alamos Gold Inc. has a 12 month low of $14.31 and a 12 month high of $27.32. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average is $23.76 and its 200 day moving average is $20.96. The stock has a market capitalization of $10.32 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Sell-side analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.41%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $26.81.

About Alamos Gold

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.