Empirical Finance LLC Acquires Shares of 20,392 Alamos Gold Inc. (AGI)

Empirical Finance LLC purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,392 shares of the basic materials company’s stock, valued at approximately $138,000.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Alamos Gold during the second quarter worth approximately $106,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Alamos Gold by 3.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 717 shares during the period. Oxbow Advisors LLC boosted its holdings in shares of Alamos Gold by 80.2% during the third quarter. Oxbow Advisors LLC now owns 26,072 shares of the basic materials company’s stock valued at $176,000 after acquiring an additional 11,605 shares during the period. Legal & General Group Plc boosted its holdings in shares of Alamos Gold by 37.1% during the first quarter. Legal & General Group Plc now owns 28,798 shares of the basic materials company’s stock valued at $231,000 after acquiring an additional 7,800 shares during the period. Finally, Fore Research & Management LP acquired a new position in shares of Alamos Gold during the second quarter valued at $215,000. 62.63% of the stock is owned by institutional investors and hedge funds.

Shares of Alamos Gold Inc. (NYSE AGI) traded down $0.06 during mid-day trading on Monday, hitting $6.31. The stock had a trading volume of 87,376 shares, compared to its average volume of 1,844,211. The firm has a market capitalization of $1,915.16, a price-to-earnings ratio of 106.17 and a beta of 0.46. Alamos Gold Inc. has a one year low of $5.95 and a one year high of $9.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Alamos Gold had a return on equity of 1.07% and a net margin of 2.08%. The business had revenue of $131.30 million during the quarter, compared to analyst estimates of $125.71 million. During the same period in the prior year, the company earned ($0.01) earnings per share. Alamos Gold’s revenue was up 9.3% compared to the same quarter last year. sell-side analysts predict that Alamos Gold Inc. will post 0.1 earnings per share for the current fiscal year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were issued a dividend of $0.01 per share. This represents a yield of 0.3%. The ex-dividend date of this dividend was Friday, October 13th. Alamos Gold’s dividend payout ratio (DPR) is 100.00%.

A number of equities research analysts recently weighed in on AGI shares. ValuEngine cut shares of Alamos Gold from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Royal Bank Of Canada set a $9.00 price target on shares of Alamos Gold and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. Finally, BidaskClub upgraded Alamos Gold from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.67.

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Alamos Gold Company Profile

Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.

Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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