Compound Global Advisors LLC Invests $680,000 in Alamos Gold Inc. (NYSE:AGI)

Compound Global Advisors LLC bought a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,900 shares of the basic materials company’s stock, valued at approximately $680,000. Alamos Gold comprises 2.8% of Compound Global Advisors LLC’s investment portfolio, making the stock its 15th largest position.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after acquiring an additional 2,148,153 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Alamos Gold by 19.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $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% during 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 during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Alamos Gold by 1.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock valued at $41,205,000 after purchasing an additional 38,913 shares during the period. Finally, Addenda Capital Inc. acquired a new position in shares of Alamos Gold in the 4th quarter valued at $34,869,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Up 2.8 %

Shares of NYSE AGI opened at $22.80 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a one year low of $11.24 and a one year high of $23.06. The business has a 50-day moving average price of $19.56 and a two-hundred day moving average price of $19.32. The firm has a market capitalization of $9.58 billion, a PE ratio of 37.99, a PEG ratio of 0.66 and a beta of 1.16.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s payout ratio is presently 16.67%.

Analysts Set New Price Targets

A number of research firms have commented on AGI. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $25.06.

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.