CenterBook Partners LP Acquires New Stake in Alamos Gold Inc. $AGI

CenterBook Partners LP acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 19,073 shares of the basic materials company’s stock, valued at approximately $618,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. General American Investors Co. Inc. grew its holdings in Alamos Gold by 63.5% in the third quarter. General American Investors Co. Inc. now owns 386,219 shares of the basic materials company’s stock worth $12,510,000 after purchasing an additional 150,000 shares during the last quarter. Calamos Wealth Management LLC increased its position in shares of Alamos Gold by 64.3% during the third quarter. Calamos Wealth Management LLC now owns 125,305 shares of the basic materials company’s stock worth $4,059,000 after purchasing an additional 49,046 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its holdings in shares of Alamos Gold by 0.3% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 209,783 shares of the basic materials company’s stock valued at $6,808,000 after purchasing an additional 542 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Alamos Gold by 4.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 37,816 shares of the basic materials company’s stock valued at $1,225,000 after purchasing an additional 1,696 shares during the last quarter. Finally, McAlvany Wealth Management LLC lifted its holdings in shares of Alamos Gold by 47.5% during the 3rd quarter. McAlvany Wealth Management LLC now owns 173,849 shares of the basic materials company’s stock valued at $5,631,000 after purchasing an additional 56,011 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AGI shares. Zacks Research raised Alamos Gold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 target price on shares of Alamos Gold in a research report on Wednesday, September 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 29th. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Weiss Ratings raised Alamos Gold from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.

Alamos Gold Stock Down 2.8%

AGI stock opened at $29.99 on Thursday. The firm has a 50 day moving average of $32.73 and a 200 day moving average of $37.72. The stock has a market capitalization of $12.55 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.50 and a beta of 0.63. The company has a quick ratio of 1.62, a current ratio of 2.01 and a debt-to-equity ratio of 0.04. Alamos Gold Inc. has a 52 week low of $26.92 and a 52 week high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, October 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). Alamos Gold had a return on equity of 18.95% and a net margin of 46.66%. The company had revenue of $510.40 million for the quarter, compared to analysts’ expectations of $551.03 million. During the same period in the prior year, the firm posted $0.37 EPS. Sell-side analysts forecast that Alamos Gold Inc. will post 2.06 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, September 10th. Alamos Gold’s payout ratio is presently 6.37%.

Alamos Gold Company Profile

Alamos Gold Inc. is a Canadian gold producer that explores for, develops and operates gold mines. The company’s operations are concentrated in Canada and Mexico, and it also advances exploration and development projects. Its operating assets include the Island Gold and Young-Davidson mines in Ontario, the Magino mine in Ontario, and the Mulatos mine in Sonora, Mexico. Alamos produces gold and works to expand its mineral resources through exploration and mine development. Founded in 2003, Alamos grew through acquisitions, including the additions of Young-Davidson and Island Gold.