Centiva Capital LP Makes New $467,000 Investment in Alamos Gold Inc. $AGI

Centiva Capital LP bought a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 13,399 shares of the basic materials company’s stock, valued at approximately $467,000.

Several other institutional investors have also modified their holdings of AGI. 1620 Investment Advisors Inc. acquired a new stake in shares of Alamos Gold in the 3rd quarter worth about $35,000. EverSource Wealth Advisors LLC grew its position in Alamos Gold by 69.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 581 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Alamos Gold in the 2nd quarter worth about $98,000. Employees Retirement System of Texas acquired a new stake in shares of Alamos Gold in the second quarter valued at approximately $112,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Alamos Gold by 528.4% in the third quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 3,757 shares during the period. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Trading Down 5.6%

Shares of NYSE:AGI opened at $45.81 on Monday. The company has a 50 day moving average of $44.62 and a 200-day moving average of $38.00. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. The firm has a market cap of $19.23 billion, a P/E ratio of 21.81, a P/E/G ratio of 0.61 and a beta of 0.54. Alamos Gold Inc. has a twelve month low of $23.49 and a twelve month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The business had revenue of $575.30 million for the quarter, compared to analyst estimates of $596.18 million. During the same quarter last year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 53.1% on a year-over-year basis. As a group, analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a dividend of $0.04 per share. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, March 12th. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. Alamos Gold’s payout ratio is 7.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Alamos Gold in a report on Sunday, December 7th. Scotiabank raised their target price on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Desjardins assumed coverage on Alamos Gold in a research note on Friday, November 28th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $45.50.

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.