Alamos Gold Inc. (NYSE:AGI) Shares Bought by VELA Investment Management LLC

VELA Investment Management LLC boosted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 199,797 shares of the basic materials company’s stock after acquiring an additional 11,440 shares during the quarter. Alamos Gold comprises 1.0% of VELA Investment Management LLC’s holdings, making the stock its 20th largest holding. VELA Investment Management LLC’s holdings in Alamos Gold were worth $3,684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Natixis Advisors LLC increased its stake in Alamos Gold by 2.0% during the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after acquiring an additional 531 shares during the last quarter. Veracity Capital LLC increased its stake in Alamos Gold by 3.2% during the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock worth $416,000 after acquiring an additional 694 shares during the last quarter. Captrust Financial Advisors increased its stake in Alamos Gold by 4.0% during the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock worth $375,000 after acquiring an additional 728 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in Alamos Gold by 4.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock worth $400,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AGI. Royal Bank of Canada lifted their price objective on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $26.06.

Alamos Gold Trading Down 4.0 %

Shares of NYSE AGI opened at $22.64 on Friday. The stock has a market capitalization of $9.52 billion, a PE ratio of 32.81, a PEG ratio of 0.40 and a beta of 1.16. The stock has a fifty day simple moving average of $20.58 and a 200-day simple moving average of $19.85. Alamos Gold Inc. has a twelve month low of $11.36 and a twelve month high of $24.27. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

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

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

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.