Hillsdale Investment Management Inc. Reduces Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Hillsdale Investment Management Inc. lowered its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 45.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 404,000 shares of the basic materials company's stock after selling 336,700 shares during the quarter. Hillsdale Investment Management Inc. owned 0.10% of Alamos Gold worth $7,445,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after acquiring an additional 856 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Alamos Gold in the 4th quarter worth approximately $61,000. Daiwa Securities Group Inc. purchased a new position in Alamos Gold in the 4th quarter valued at approximately $136,000. Finally, XTX Topco Ltd acquired a new position in Alamos Gold during the third quarter worth $207,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AGI shares. Royal Bank of Canada boosted their price target on Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Alamos Gold currently has an average rating of "Buy" and an average price target of $26.06.

Remove Ads

Alamos Gold Trading Up 2.9 %

Shares of Alamos Gold stock traded up $0.74 during trading hours on Tuesday, reaching $26.41. 1,307,593 shares of the company's stock were exchanged, compared to its average volume of 2,838,642. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company has a fifty day moving average of $22.59 and a 200-day moving average of $20.53. Alamos Gold Inc. has a 52-week low of $13.52 and a 52-week high of $26.48.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.

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.