Alamos Gold Inc. (NYSE:AGI) Shares Sold by Capital Analysts LLC

Capital Analysts LLC reduced its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 40.5% in the 4th quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mackenzie Financial Corp lifted its holdings in shares of Alamos Gold by 9.4% in the 4th quarter. Mackenzie Financial Corp now owns 3,011,874 shares of the basic materials company’s stock valued at $40,525,000 after buying an additional 258,688 shares during the period. Raymond James & Associates lifted its holdings in shares of Alamos Gold by 74.5% in the 4th quarter. Raymond James & Associates now owns 472,938 shares of the basic materials company’s stock valued at $6,370,000 after buying an additional 201,905 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Alamos Gold by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 14,202,762 shares of the basic materials company’s stock valued at $160,349,000 after buying an additional 202,396 shares during the period. Genus Capital Management Inc. lifted its holdings in shares of Alamos Gold by 367.0% in the 3rd quarter. Genus Capital Management Inc. now owns 326,000 shares of the basic materials company’s stock valued at $3,694,000 after buying an additional 256,200 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Alamos Gold by 1,254.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 59,386 shares of the basic materials company’s stock valued at $807,000 after buying an additional 55,000 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

Alamos Gold stock opened at $15.30 on Friday. The stock has a fifty day moving average of $13.45 and a two-hundred day moving average of $13.12. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 3.76 and a beta of 1.15. Alamos Gold Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $16.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $254.60 million during the quarter, compared to the consensus estimate of $257.47 million. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. Alamos Gold’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. On average, analysts forecast that Alamos Gold Inc. will post 0.65 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Alamos Gold Company Profile

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.