Tidal Investments LLC Has $1.37 Million Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Tidal Investments LLC boosted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 267.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 68,735 shares of the basic materials company’s stock after buying an additional 50,005 shares during the period. Tidal Investments LLC’s holdings in Alamos Gold were worth $1,371,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp increased its position in shares of Alamos Gold by 147.6% during the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after acquiring an additional 4,521,282 shares in the last quarter. FMR LLC increased its holdings in Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after purchasing an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock valued at $110,662,000 after purchasing an additional 891,255 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Alamos Gold by 79.3% in the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after purchasing an additional 2,149,915 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Alamos Gold by 31.9% during the second quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock worth $68,576,000 after buying an additional 1,058,000 shares during the period. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Jefferies Financial Group lifted their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada increased their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Alamos Gold currently has an average rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Trading Down 5.3 %

Shares of Alamos Gold stock opened at $18.06 on Thursday. The stock has a market cap of $7.59 billion, a P/E ratio of 30.10, a P/E/G ratio of 0.93 and a beta of 1.15. 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 12-month low of $11.24 and a 12-month high of $21.45. The business’s 50 day moving average is $19.44 and its 200-day moving average is $18.44.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The firm had revenue of $360.90 million for the quarter. 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 announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.55%. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

About Alamos Gold

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.