Virtu Financial LLC bought a new position in shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 30,958 shares of the basic materials company’s stock, valued at approximately $158,000.
Several other hedge funds have also recently bought and sold shares of the business. Neuberger Berman Group LLC purchased a new stake in shares of Alamos Gold in the 3rd quarter worth $57,000. Insight Wealth Strategies LLC purchased a new stake in shares of Alamos Gold in the 4th quarter worth $45,000. SNS Financial Group LLC purchased a new stake in shares of Alamos Gold in the 4th quarter worth $47,000. Squarepoint Ops LLC purchased a new stake in shares of Alamos Gold in the 4th quarter worth $57,000. Finally, Bbva Compass Bancshares Inc. increased its stake in shares of Alamos Gold by 79.7% in the 4th quarter. Bbva Compass Bancshares Inc. now owns 38,786 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 17,205 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.
Shares of Alamos Gold stock traded down $0.09 during trading on Wednesday, reaching $4.46. 1,344,000 shares of the stock traded hands, compared to its average volume of 2,081,712. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 89.20 and a beta of 0.20. Alamos Gold Inc has a 52-week low of $2.90 and a 52-week high of $6.13.
Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.03. Alamos Gold had a positive return on equity of 0.67% and a negative net margin of 8.88%. The firm had revenue of $156.00 million during the quarter, compared to analyst estimates of $163.19 million. During the same quarter last year, the business posted $0.03 earnings per share. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. Sell-side analysts forecast that Alamos Gold Inc will post 0.12 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on AGI shares. Royal Bank of Canada reduced their price objective on Alamos Gold from $7.00 to $5.50 and set a “sector perform” rating for the company in a research note on Thursday, January 24th. National Bank Financial lowered Alamos Gold from an “outperform” rating to a “sector perform” rating in a research note on Thursday, March 21st. ValuEngine upgraded Alamos Gold from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. TheStreet lowered Alamos Gold from a “c-” rating to a “d+” rating in a research note on Monday, March 4th. Finally, Credit Suisse Group assumed coverage on Alamos Gold in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $7.00 price target for the company. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.62.
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Alamos Gold Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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