Zweig DiMenna Associates LLC Takes Position in Alamos Gold Inc. $AGI

Zweig DiMenna Associates LLC purchased a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 260,500 shares of the basic materials company’s stock, valued at approximately $10,050,000.

Several other large investors have also modified their holdings of AGI. Vanguard Group Inc. boosted its position in Alamos Gold by 3.1% during the third quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company’s stock worth $600,712,000 after acquiring an additional 524,263 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in Alamos Gold by 2,652.7% during the third quarter. SBI Securities Co. Ltd. now owns 55,411 shares of the basic materials company’s stock worth $1,932,000 after acquiring an additional 53,398 shares during the last quarter. Cannell & Spears LLC boosted its position in Alamos Gold by 512.4% during the third quarter. Cannell & Spears LLC now owns 1,276,296 shares of the basic materials company’s stock worth $44,492,000 after acquiring an additional 1,067,883 shares during the last quarter. Alps Advisors Inc. boosted its position in Alamos Gold by 35.5% during the third quarter. Alps Advisors Inc. now owns 92,436 shares of the basic materials company’s stock worth $3,222,000 after acquiring an additional 24,223 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its position in Alamos Gold by 36.3% during the third quarter. Montrusco Bolton Investments Inc. now owns 547,567 shares of the basic materials company’s stock worth $19,090,000 after acquiring an additional 145,843 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

NYSE:AGI opened at $40.88 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The company has a market cap of $17.17 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.51 and a beta of 0.50. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The firm’s 50 day moving average is $43.11 and its two-hundred day moving average is $41.85.

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

Alamos Gold Announces Dividend

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

Analysts Set New Price Targets

AGI has been the topic of a number of analyst reports. Scotiabank raised their target price on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 6th. Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings lowered shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alamos Gold currently has an average rating of “Buy” and an average price target of $50.67.

Alamos Gold Company Profile

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.