Capital Analysts LLC Cuts Holdings in Alamos Gold Inc. (NYSE:AGI)

Capital Analysts LLC trimmed its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 40.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,962 shares of the basic materials company’s stock after selling 2,693 shares during the quarter. Capital Analysts LLC’s holdings in Alamos Gold were worth $53,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AGI. Norges Bank purchased a new position in Alamos Gold during the fourth quarter valued at approximately $41,367,000. Triasima Portfolio Management inc. purchased a new position in Alamos Gold in the fourth quarter worth $31,471,000. Two Sigma Advisers LP increased its position in shares of Alamos Gold by 278.1% during the first quarter. Two Sigma Advisers LP now owns 2,770,364 shares of the basic materials company’s stock worth $33,882,000 after purchasing an additional 2,037,700 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Alamos Gold by 43.9% during the 1st quarter. Two Sigma Investments LP now owns 3,188,908 shares of the basic materials company’s stock valued at $39,000,000 after purchasing an additional 972,393 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Alamos Gold by 142.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,565,689 shares of the basic materials company’s stock worth $19,120,000 after purchasing an additional 920,165 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $15.30 on Friday. The stock has a market cap of $6.09 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 3.76 and a beta of 1.15. The firm has a fifty day moving average price of $13.45 and a 200 day moving average price of $13.12. Alamos Gold Inc. has a 1 year low of $10.78 and a 1 year high of $16.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $254.60 million during the quarter, compared to analyst estimates of $257.47 million. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. As a group, equities analysts expect that Alamos Gold Inc. will post 0.65 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.65%. Alamos Gold’s payout ratio is 18.87%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AGI. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.75 to $27.25 in a research report on Tuesday, April 9th. Jefferies Financial Group assumed coverage on shares of Alamos Gold in a report on Thursday, February 29th. They issued a “buy” rating and a $14.00 price target for the company. Finally, Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $12.00 to $16.00 in a report on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.95.

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.