XTX Topco Ltd Makes New Investment in Alamos Gold Inc. (NYSE:AGI)

XTX Topco Ltd bought a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,362 shares of the basic materials company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hara Capital LLC acquired a new position in Alamos Gold in the 3rd quarter valued at about $47,000. Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold in the second quarter valued at approximately $48,000. Employees Retirement System of Texas acquired a new position in shares of Alamos Gold in the second quarter valued at approximately $88,000. Eastern Bank purchased a new stake in shares of Alamos Gold during the third quarter worth approximately $111,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Alamos Gold during the third quarter worth $147,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank of Canada boosted 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 cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and an average target price of $25.06.

Alamos Gold Stock Performance

Shares of AGI opened at $18.11 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. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45. The company has a 50-day simple moving average of $19.41 and a 200-day simple moving average of $18.44. The company has a market capitalization of $7.61 billion, a PE ratio of 30.18, a P/E/G ratio of 0.93 and a beta of 1.15.

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

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.55%. Alamos Gold’s dividend payout ratio is presently 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.