36,323 Shares in Alamos Gold Inc. (NYSE:AGI) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 36,323 shares of the basic materials company’s stock, valued at approximately $724,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Hara Capital LLC acquired a new stake in shares of Alamos Gold in the third quarter valued at about $47,000. Daiwa Securities Group Inc. acquired a new stake in shares of Alamos Gold during the second quarter worth $48,000. Employees Retirement System of Texas purchased a new stake in shares of Alamos Gold in the second quarter valued at $88,000. Eastern Bank acquired a new position in Alamos Gold in the third quarter valued at $111,000. Finally, Plato Investment Management Ltd purchased a new position in Alamos Gold during the third quarter worth about $147,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AGI shares. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Scotiabank increased their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $25.06.

Alamos Gold Price Performance

Alamos Gold stock opened at $19.11 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $8.03 billion, a P/E ratio of 31.85, a PEG ratio of 0.93 and a beta of 1.15. The firm has a fifty day moving average of $19.47 and a 200-day moving average of $18.39. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 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 company had revenue of $360.90 million during the quarter. As a group, analysts predict that Alamos Gold Inc. will post 0.77 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s dividend payout ratio is presently 16.67%.

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.