Renaissance Technologies LLC Increases Holdings in Alamos Gold Inc (NYSE:AGI)
Renaissance Technologies LLC increased its position in shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) by 28.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,214,071 shares of the basic materials company’s stock after purchasing an additional 1,824,900 shares during the quarter. Renaissance Technologies LLC owned 2.10% of Alamos Gold worth $49,695,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its holdings in Alamos Gold by 18.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 71,123 shares of the basic materials company’s stock valued at $361,000 after buying an additional 11,000 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Alamos Gold by 36.7% during the first quarter. SG Americas Securities LLC now owns 149,348 shares of the basic materials company’s stock valued at $759,000 after acquiring an additional 40,083 shares in the last quarter. Sigma Planning Corp bought a new position in Alamos Gold in the 1st quarter worth about $160,000. Bbva Compass Bancshares Inc. grew its position in Alamos Gold by 35.8% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 52,679 shares of the basic materials company’s stock valued at $267,000 after purchasing an additional 13,893 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Alamos Gold during the 1st quarter valued at about $6,028,000. 55.90% of the stock is owned by hedge funds and other institutional investors.
Alamos Gold stock traded up $0.13 during midday trading on Wednesday, hitting $6.60. The stock had a trading volume of 82,501 shares, compared to its average volume of 2,703,914. The company has a market capitalization of $2.55 billion, a PE ratio of 131.40, a P/E/G ratio of 0.55 and a beta of 0.26. Alamos Gold Inc has a 52-week low of $2.90 and a 52-week high of $7.78. The firm’s fifty day moving average is $7.02 and its two-hundred day moving average is $5.64.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, September 13th. Alamos Gold’s dividend payout ratio is currently 80.00%.
AGI has been the subject of several recent analyst reports. TheStreet raised shares of Alamos Gold from a “d+” rating to a “c-” rating in a report on Thursday, July 18th. Canaccord Genuity upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. CIBC reissued a “buy” rating and issued a $9.00 target price on shares of Alamos Gold in a research report on Friday, June 21st. ValuEngine raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research raised Alamos Gold from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a report on Tuesday, July 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Alamos Gold has a consensus rating of “Buy” and an average target price of $6.62.
Alamos Gold Company 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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