Capital CS Group LLC Takes $578,000 Position in Alamos Gold Inc. (NYSE:AGI)

Capital CS Group LLC acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 31,339 shares of the basic materials company's stock, valued at approximately $578,000. Alamos Gold comprises about 0.8% of Capital CS Group LLC's portfolio, making the stock its 25th biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its position in shares of Alamos Gold by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company's stock valued at $1,042,000 after buying an additional 1,654 shares during the period. Acadian Asset Management LLC grew its position in Alamos Gold by 1,076.2% in the 2nd quarter. Acadian Asset Management LLC now owns 24,700 shares of the basic materials company's stock valued at $387,000 after acquiring an additional 22,600 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Alamos Gold in the second quarter worth $48,000. Pekin Hardy Strauss Inc. lifted its position in shares of Alamos Gold by 8.9% during the second quarter. Pekin Hardy Strauss Inc. now owns 215,016 shares of the basic materials company's stock worth $3,372,000 after purchasing an additional 17,661 shares during the last quarter. Finally, Old West Investment Management LLC bought a new position in shares of Alamos Gold in the second quarter worth about $6,864,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group increased their target price on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, October 4th. StockNews.com downgraded Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Finally, National Bank Financial upgraded shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $25.06.

Alamos Gold Stock Performance

AGI traded up $0.38 on Tuesday, reaching $19.54. 2,162,958 shares of the stock were exchanged, compared to its average volume of 1,999,457. The company's 50-day moving average price is $18.80 and its 200 day moving average price is $18.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm has a market capitalization of $8.21 billion, a PE ratio of 32.57, a PEG ratio of 0.93 and a beta of 1.15. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The firm had revenue of $360.90 million for the quarter. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.51%. Alamos Gold's payout ratio is currently 16.67%.

Alamos Gold 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.